menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 7: Applications of Simple Interest
  5. Question
    A Contract Requires Payments of $750 in 100, and 200
Solved

A Contract Requires Payments of $750 in 100, and 200

Question 47

Question 47

Short Answer

A contract requires payments of $750 in 100, and 200 days. What is the value of the contract today if the payments are discounted to yield 7.5% simple interest?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q42: For investments over $5,000, a bank quotes

Q43: On September 15, Miguel has student loans

Q44: Calculate missing value for the promissory note:<br><img

Q45: An $8,000 demand loan at a fixed

Q46: Calculate missing value for the promissory note:<br><img

Q48: On January 20, Derek signed a contract

Q49: A 90-day promissory note dated June 30

Q50: Calculate missing value for the promissory note:<br><img

Q51: Commercial Paper with a face value of

Q52: The purchaser of a 168-day T-bill with

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines