Question

The current value of a bill maturing in 40 days is €12,561.50. Calculate the nominal value of this effect knowing that it was discounted at the rate of 2.75%.

116

likes

580 views

Answer to a math question The current value of a bill maturing in 40 days is €12,561.50. Calculate the nominal value of this effect knowing that it was discounted at the rate of 2.75%.

$Expert avatar$

Hester

4.8

116 Answers

To calculate the nominal value of a bill that was discounted at a certain rate, we can use the discounted value formula: Nominal Value = Discounted Value / (1 - Discount Rate * Time) Given: Discounted Value = €12,561.50 Discount Rate = 2.75% = 0.0275 Time = 40 days First, we need to convert the time from days to years by dividing by 365 (assuming a 365-day year): Time = 40 days / 365 days/year ≈ 0.1096 years Now we can calculate the nominal value: Nominal Value = €12,561.50 / (1 - 0.0275 * 0.1096) Nominal Value = €12,561.50 / (1 - 0.003007) Nominal Value ≈ €12,561.50 / 0.996993 Nominal Value ≈ €12,599.47 Therefore, the nominal value of the bill is approximately €12,599.47

Frequently asked questions (FAQs)

What is the slope-intercept form equation of a line passing through the points (2, 3) and (-1, 5)?

What is 3/7 in decimal form?

Question: What is the derivative of the function f(x) = ∫[a to x] 3t^2 dt, where a is a constant?

New questions in Mathematics

find the value of the tangent if it is known that the cos@= 1 2 and the sine is negative. must perform procedures.

A hotel in the Algarve had to offer 1 week of vacation to one of its employees as an Easter gift in a random choice. It is known that 80 people work in this hotel, 41 of whom are Portuguese and 39 are foreign nationals. There are 14 Portuguese men and 23 foreign women. Using what you know about conditional probability, check the probability that the gift was offered to a Portuguese citizen, knowing that it was a woman.

5) A family with a father, mother and 3 children must sit on five chairs in a row and the only restriction is that the mother must be at one end. In how many different ways can they be seated?

The graph of the equation x²= 4py is a parabola with focus F(_,_) and directrix y=_____ Therefore, the graph of x²=12y is a parabola with focus F(_,_) and a directrix y=_____

Divide 22 by 5 solve it by array and an area model

The equation of the circle that passes through (5,3) and is tangent to the abscissa axis at x=2 is a.(x-2)^2 (y 3)^2 = 9 b.(x-2)^2 (y-3)^2 = 9 c.(x-2)^2 (y-3)^2 = 4 d.(x-2)^2 (y 1)^2 = 4 e.(x-2)^2 (y-1)^2 = 4

-27=-7u 5(u-3)