(Answered) Compound interest and amounts

1) Find the discount and proceeds on a $3,260 face-value note for nine months if the discount rate is 9.5%. (use the bankers rule);The discount is $? (round to the nearest cent as needed);The proceeds are $? (round to the nearest cent as needed);----------------------------------------------------------------------------------;2) a computer costs 2,941, Cathy pays a 20% per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month?;She will pay $? each month. (round to the nearest cent as needed);----------------------------------------------------------------------------------------;3)find the future value and compound interest on 6,000 at 8% compounded semiannually for six years.;compound amount $? (round to the nearest cent as needed);compound interest $? (round to the nearest cent as needed)
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Compound interest and amounts

 


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