A $120,000, 5%, 200-day note dated June 6 is discounted on October 8. The discount period is how many days?

Question

09-07-2017
Mathematics

contestada

A $120,000, 5%, 200-day note dated June 6 is discounted on October 8. The discount period is how many days?

Respuesta :

Otras preguntas

During Stalin’s reign, schools _____________________ to encourage support of Stalin and to revive Soviet nationalism. a. closed and reopened as military academi

How do we know that some layers of the earth are solid and some liquid?

You are in line at an amusement park. You CAL 34 people in front of you. Each roller coaster fits 11 people. How many roller coaster must run before you get on?

Nine times number is 6300 what is the number

Tariffs were established to ____________. a. increase trade between the colonies and their parent nations. b. protect local businesses from foreign goods. c. re

What did the United States promise in the Monroe Doctrine? to allow Spain to reclaim Florida to stay out of European affairs to keep Great Britain as an ally to

A yogurt costs 55p .How many yogurts can be bought for six pounds?

Calculate the average of 200 and 300

As a result of the French Revolution, the King and Queen were

Aliwohaish12 Aliwohaish12 · Answer 1 · 2017-07-09T19:36:21+02:00

Aliwohaish12 Aliwohaish12

09-07-2017

June: 30-6=24
July: 31
August:31
September:30
October: 8
Total=24+31+31+30+8=124 days

Discount period:
The period of time between the date a bill of exchange is drawn and the date on which payment is due.

So discount period = 200-124=76 days

Answer Link