Answer Happy

Part 4: If you sign a discount note for $7,500 at a bank discount rate of 9% for 9 months, what is the effective interest rate (as a %)? Round to the nearest tenth percent. % Part 5: The following interest-bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days, to calculate the missing information. (Round dollars to the nearest cent.) Face Value Interest Rate (%) Date of Note Term of Note (days) Maturity Date Maturity Value (in $) $1,250 7.1 Sept. 19 130 --Select- Date of Discount Discount Period (days) Discount Rate (%) Proceeds (in $) Dec. 12 11.2 1 Part 6: If you purchase $22,000 in U.S. Treasury Bills with a discount rate of 4.5% for a period of 26 weeks, what is the effective interest rate (as a %)? Round to the nearest hundredth percent. %