1-If a note is discounted at 14% for 4 years, what is the equivalent interest rate? A. 8.97% B. 3.18% C. 3.5% D. None of

[answerhappygod]

1-If a note is discounted at 14% for 4 years, what is the
equivalent interest rate?
A. 8.97%
B. 3.18%
C. 3.5%
D. None of these
Find the maturity value, the proceeds the amount of discount, if
you give me SR 20 today, I will pay you back SR 25 next
Tuesday.
A. SR 20, SR 25, SR 5
B. SR 5, SR 20, SR 25
C. SR 25, SR 20, SR 5
D. SR 25, SR 5, SR 20
$5,000 face value note has a term of 210 days. The simple
discount rate is 10%. Find the proceeds of the note.
A. SR 291.67
B. SR 4,708.33
C. SR 5,291.67
D. None of these
To find out the proceeds, you will use the formula
A. P = FV/(1 - dt)
B. P = FV(1 + dt)
C. P = FV(1 - dt)
D. P = FV(1 – d/t)