Fight Finance

Courses  Tags  Random  All  Recent  Scores

Scores
keithphw$6,001.61
Yuan$1,726.43
Zin$1,619.43
Jade$1,555.80
Carolll$1,522.43
Visitor$1,428.33
Visitor$1,373.33
zy$1,349.70
cuiting$1,289.70
Visitor$1,268.61
Visitor$1,251.28
Visitor$1,249.70
Visitor$1,153.33
Emma Lu$1,100.00
Skywalke...$1,070.00
mm11$1,050.33
ninalee$1,039.70
Visitor$1,035.61
Visitor$1,024.70
Doris$1,009.70
 

Question 132  bill pricing, simple interest rate

A 90-day Bank Accepted Bill (BAB) has a face value of $1,000,000. The simple interest rate is 10% pa and there are 365 days in the year. What is its price now?




Copyright © 2014 Keith Woodward