SOLUTION: 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.
What is the
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-> SOLUTION: 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.
What is the
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Question 1160077: 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.
What is the Present Value (at time t = 0) of paying 8000 on June 30?
What is the annual simple discount rate? Answer by ikleyn(52786) (Show Source):
