## Question

###### On May 7, Ralph Blue accepted a $5,000 note from Dick Shea. Terms of the note...

On May 7, Ralph Blue accepted a $5,000 note from Dick Shea. Terms of the note were 7% for 180 days. On Aug. 19, Ralph could no onger walt for the money and discounted the note at Tover Bank at a discount rate of 8 %. Calculate Ralph's proceeds. Use ordinary interest. (Round your answer to the nearest cent.) Ralph's proceeds

## Answers

5000*7%=350+5000=5350

from may 7 to aug 19 = 104 days

180-104=76

interest @ 8% = 5000*8%*176/100=168.88 or 169

5000-169= 4831

Ralph discounted the bill for $4831 and suffered a loss of 169. In other words drawer had to pay the price in order to receive the cash before maturity.

#### Similar Solved Questions

1 answers

##### What is the molar mass of #Al(C_2H_3O_2)_3#?

What is the molar mass of #Al(C_2H_3O_2)_3#?...

1 answers

##### Suppose that a jewelry store tracked the amount of emeralds they sold each week to more...

Suppose that a jewelry store tracked the amount of emeralds they sold each week to more accurately estimate how many emeralds to keep in stock. At the end of one year, the store used the weekly sales information to construct a 95% confidence interval for the mean number of emeralds sold per week. Th...

1 answers

##### In addition to the urogenital infections Neisseria conorhea is occasionally also i from solated 40) a)...

In addition to the urogenital infections Neisseria conorhea is occasionally also i from solated 40) a) skin b) Pharynx c) Nasal cavity d) Blood e) Scalp Which of the following diseases is likely to be passed on from the mother to the infant eyes 41) a) Syphilis b) Gonorrhea c) Herpes d) Aids e) CMV ...

1 answers

##### From the is v supply and (5) Find the current the Voltage drop drawn across the...

from the is v supply and (5) Find the current the Voltage drop drawn across the 1202 and sor rences 10.2 focad sworks 302 ISV 456 SO. EK 103 702 12.0.2 CAS A . $ 4 % 5 7 8 9 1 0 Anitha E R т o P р s D F G H 'J K L C V B Z M V. . V * command option...

1 answers

##### A balanced lever has two weights on it, the first with mass #15 kg # and the second with mass #45 kg#. If the first weight is # 12 m# from the fulcrum, how far is the second weight from the fulcrum?

A balanced lever has two weights on it, the first with mass #15 kg # and the second with mass #45 kg#. If the first weight is # 12 m# from the fulcrum, how far is the second weight from the fulcrum?...

1 answers

##### Explain the answer, why does it become a ring? when does this happen and why? NaOH...

explain the answer, why does it become a ring? when does this happen and why? NaOH hint: product has a satom.in a ring...

1 answers

##### What is the value today of $2,000 per year, at a discount rate of 11 percent,...

What is the value today of $2,000 per year, at a discount rate of 11 percent, if the first payment is received 9 years from now and the last payment is received 27 years from today? Ο Θα Multiple Choice Ο $6,66729 Ο $6, BO3.35 ο Ο Φ6,683.87 &om...

1 answers

##### [10 marks) 5. An electricity company charges its customers a base rate of $15 a month...

[10 marks) 5. An electricity company charges its customers a base rate of $15 a month plus 8 cents per kilowatt-hour (kWh) for the first 1200 kWh and 12 cents per kWh for usage over 1200 kWh. Write the cost, C, in dollars as a function of x, the number of kWh used for 05x< 1500 and graph the func...

1 answers

##### One hundred volunteers were divided into two equal-sized groups. Each volunteer took a math test that...

One hundred volunteers were divided into two equal-sized groups. Each volunteer took a math test that involved transforming strings of eight digits into a new string that fit a set of given rules, as well as a third, hidden rule. Prior to taking the test, one group received 8 hours of sleep, while t...

1 answers

##### Manufacturer is interested in the output voltage of a power supply used in a PC. Output...

manufacturer is interested in the output voltage of a power supply used in a PC. Output voltage is assumed to be normally distributed, with standard deviation 0.36 volt, and the manufacturer wishes to test Ho:μ= 5 volts against H1:μ#5 volts, using n-9 units. Round your answers to four decimal ...

1 answers

##### IE Crow's Feet E-R Diagram

Draw an IE Crow’s Foot E-R diagram for the entities DEPARTMENT and EMPLOYEE and the 1:N relationship between them. Assume that a DEPARTMENT does not need to havean EMPLOYEE, but that every EMPLOYEE is assigned to a DEPARTMENT. Include appropriate identifiers and attributes for each entity....

3 answers

##### Give the oxidation number of sulfur in each of the following...

Give the oxidation number of sulfur in each of the following. (Type your answer in the format 0, +1, -1, +2, -2, etc.) (a) H2SO3 (b) H2S2 (c) Na2S (d) SOCl2...

1 answers

##### QUESTION TWO (15 marks) A. A small chemical-industry tank fitted with a manometer as shown contains...

QUESTION TWO (15 marks) A. A small chemical-industry tank fitted with a manometer as shown contains a dense fluid with specific gravity S 3.0 and 20 cm deep. Workers should have added water to a depth of 15 cm above the dense fluid. What height Ah do you expect to find when you inspect the tank? (7 ...

1 answers

##### CengageNOWV2 | Online teaching and learning resource from Cengage Learning Close Window Florissa's Flowers jointly produces...

CengageNOWV2 | Online teaching and learning resource from Cengage Learning Close Window Florissa's Flowers jointly produces three varieties of flowers in the same garden: tulips, lilies, and daisies. The flowers are all watered via the same irrigation system and all receive the same amount of wa...

1 answers

##### Please check the answers I provided. 3) Name the following compounds. You can use the old...

Please check the answers I provided. 3) Name the following compounds. You can use the old or the new systems. (6 pts) CH3 OH но OH CH, Н.С 5-Matyl heptan-2,7-dal 13-Dietylcyclopatan-2-dl 2,5-Dimety haptas-1-0e 2,5-etglhpt-6-en-1-ane CH,CH2CH3 6-Metuyghoan 2-oe -Matylhplan-...

1 answers

##### How do you use Heron's formula to find the area of a triangle with sides of lengths #11 #, #14 #, and #13 #?

How do you use Heron's formula to find the area of a triangle with sides of lengths #11 #, #14 #, and #13 #?...

1 answers

##### A student lifts a 1.2 kg bag from her desk, which is 0.59 m high, to a locker that is 2.9 m high

A student lifts a 1.2 kg bag from her desk, which is 0.59 m high, to a locker that is 2.9 m high. What is the gravitational potential energy of the bag relative to the desk? PE=mgh 1.2(9.80)(2.9) = 34.1...

1 answers

##### Help Suppose that Elena Company is considering the purchase of a newer, more efficient yogurt-making machine....

help Suppose that Elena Company is considering the purchase of a newer, more efficient yogurt-making machine. If purchased, it would require the new machine on January 2, year 1. Elena expects to sell 600,000 gallons of milk in each of the next five years at a $2 per gallon selling price. Elena has ...

1 answers

##### Question 3: The Fourier transform of a signal r[n] is shown below. Draw the Fourier transform of the time-compressed signal r[5n and label appropriately :X(e.j) 03 02 Question 3: The Fourier tra...

Question 3: The Fourier transform of a signal r[n] is shown below. Draw the Fourier transform of the time-compressed signal r[5n and label appropriately :X(e.j) 03 02 Question 3: The Fourier transform of a signal r[n] is shown below. Draw the Fourier transform of the time-compressed signal r[5n and...