document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1160077>Question 1160077</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Sophia receives an invoice for $8000 on May 31. The terms of the invoice are 2/10, n/30. The annual simple interest rate is 4% and the day-count convention is ACT/365.<BR>\n" );
document.write( "What is the Present Value (at time t = 0) of paying 8000 on June 30?<BR>\n" );
document.write( "What is the annual simple discount rate? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #783370 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52788)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=783370\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "For the future, please keep in your mind\r<BR>\n" );
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document.write( "that this forum is not a financial academy.\r<BR>\n" );
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document.write( "We teach totally different subjects.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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