Determine the proceeds of a 10year promissory note discounted after after 4 years at 6% compounded quarterly with a maturity value of $6000

The Proceeds of maturity after 10 years is $1613.4

Step-by-step explanation:

Given as :

The maturity value = $ 6000

The rate applied at 6 % compounded quarterly

The Time period = 4 years

Now,

Amount = Principal ×

Or, Amount = 6000  ×

Or, Amount = 6000 ×

Or,  Amount = 6000 × 1.2689

∴  Amount = $ 7613.4

So, The proceeds after 10 years = $ 7613.4 - $ 6000 = $ 1613.4

Hence The Proceeds of maturity after 10 years is $1613.4   Answer

$4

step-by-step explanation:

$30×5=$150

$150 minus $130=$20

$20÷5=$4.

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we have three similar triangles, because each has a right angle and shares an angle.   let's write the angles in order: opposite to short leg, long leg, hypotenuse.

cab similar to bad similar to cbd

or as ratios,

ca: ab: cb = ba: ad: bd = cb: bd: cd

we also know

ac = ad + cd

(ad+cd): ab: cb = ba: ad: bd = cb: bd: cd

(ad+cd)/cb=cb/cd

we have cb=6, ad=5 and seek x=cd.

we reject the negative root and conclude x=4

answer: 4