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Mathematics, 18.03.2021 02:40 heroxtree
1. Emiliano signed today a promissory note for the amount of $92,000. The stipulated interest rate is a 20% per annum. How many days are needed for the interests to reach $8,000?
2. Determine the face value of a promissory note if at maturity date after 75 days $18,600 need to be paid back, having applied an annual interest rate of 7.8%.
3. On October 11th 2020, Alessandro signed a promissory note for an amount of $250,000 at an annual interest rate of 21.5%. At which date will the interests reach $15,000?
4. Determine the face value of a promissory note, if at maturity date $48,000 (including the interests) are paid back, after 95 days having applied a rate of 18% annually.
What would be the amount to pay if promissory note is liquidated after 120 days?
5. What is the cash price of a car that is paid by giving a 22% of its value as a down payment and signing an 18-month promissory note paying $312,000 that already includes interest at a rate of 28% per year?
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