On November 2, Paul Matthews Signed a 120 Day, $75,000 $13 \frac { 1 } { 4 } \%$

question 39

Short Answer

On November 2, Paul Matthews signed a 120 day, $75,000 simple discount promissory note at the Northridge Savings Bank. The discount rate was $13 \frac { 1 } { 4 } \%$ ordinary interest. What proceeds will Paul receive on the note?

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Definitions:

Forensic Evidence

Any information or material that can be used in a court of law to support or dispute facts, including but not limited to biological, chemical, physical, or digital evidence.

Thallium(I) Nitrate

A chemical compound with the formula TlNO3, used in various applications including synthesis and manufacturing.

Reseal Coke Bottles

The act or technology that allows carbonated drink, like Coca-Cola, bottles to be tightly closed after opening to maintain carbonation and prevent spillage.

Greenhouse Gas

Gases in Earth's atmosphere that trap heat, such as carbon dioxide, methane, and water vapor, contributing to the greenhouse effect.