Mary Ellen has a bill of exchange (cambiale) with a face value (valore nominale) of € 3,500, a term of 180 days, and a 14% discount rate. Find the discount proceeding the bill today (use the exact simple discount) 

Find the proceeds (PV) 

Exercise n. 2  

A debt (debito) of € 2,000 with a simple annual discount rate of 14% was made on May 10 and was due on August 14. Find the discount using ordinary time if the debtor would pay on June 14. 

 

	€ 47.44
	€ 46.03
	€ 46.67
	€ 46.79

Exercise n. 3  

Find the discount on € 2,350 for six months if the discount rate is 7.2%. 

 

	€ 8.46
	€ 84.60
	€ 169.20
	€ 42.30

Exercise n. 4

Find the proceeds on a  draft (cambiale tratta) of € 3,200 at 8% exact time. It was issued on March 18, due November 13 and sold to a bank on June 13. 

Exercise n. 5     Complete each line of the following table:

(1) calendar year (anno civile) 365 days per year (2) commercial year (anno commerciale) 360 days per year

Exercise n. 6

Fill in each blank of the following table:

1.   future value    € 4,254 discount rate    5.50% years    4 simple discount    ________

2.   future value    ________ discount rate    4.95% months    9  simple discount    € 859.22

3.   future value    €6,457.20 discount rate    13% months    11 simple discount    ________

4.  future value    € 8,500 discount rate    3.80% months    ________ simple discount    €161.50

5.   future value    €2,400.00 discount rate    4% days (360)    60 present value    ________

6.   future value €7,500.00 discount rate    9.00 % days (365)    ________ simple discount    € 277.40