Questions from Business Mathematics

Q: Calculate the missing values for the promissory notes described. Face

Calculate the missing values for the promissory notes described. Face value ($) = 2700 Issue date = Sept 4 Interest rate (%) = 10 Term = 182 days Date of Sale = Dec 14 Discount Rate (%) = 12 Proceeds...

Q: An ordinary annuity and an annuity due have the same future value

An ordinary annuity and an annuity due have the same future value, n, and i. Which annuity has the larger payment? Give the reason for your answer.

Q: Calculate the missing values for the promissory notes described. Face

Calculate the missing values for the promissory notes described. Face value ($) = 3500 Issue date = Oct 25 Interest rate (%) = 10 Term = 120 days Date of Sale = Dec 14 Discount Rate (%) = 8 Proceeds =...

Q: An ordinary annuity and an annuity due have the same present value

An ordinary annuity and an annuity due have the same present value, n, and i. Which annuity has the smaller payment? Give the reason for your answer.

Q: Calculate the missing values for the promissory notes described. Face

Calculate the missing values for the promissory notes described. Face value ($) = 9000 Issue date = July 28 Interest rate (%) = 8 Term = 91 days Date of Sale = Sept 1 Discount Rate (%) = ? Proceeds =...

Q: The term of the lease on a vehicle is about to expire

The term of the lease on a vehicle is about to expire. Answer parts (a) and (b) strictly on financial considerations. 1. If the market value of the vehicle is less than the residual value, what should...

Q: Calculate the missing values for the promissory notes described. Face

Calculate the missing values for the promissory notes described. Face value ($) = 4000 Issue date = Nov 30 Interest rate (%) = 8 Term = 75 days Date of Sale = Jan 1 Discount Rate (%) = ? Proceeds = 40...

Q: 1. How long is the period of deferral if the first

1. How long is the period of deferral if the first quarterly payment of a deferred ordinary annuity will be paid 3 1 2 years from today? 2. How long is the deferral period if the first quarterly payme...

Q: Determine the legal due date for: 1. A five

Determine the legal due date for: 1. A five-month note dated September 29, 2019. 2. A 150-day note issued September 29, 2019.

Q: For the same n, PMT, and i, is the

For the same n, PMT, and i, is the present value of a deferred annuity larger or smaller than the present value of an ordinary annuity? Explain.