Interest and discount
spegazione For a clear and simple interest, discount, present value and column you can click here
then try to solve this: A merchant
August 23 in advance collecting a debt Poor December 10 allowing the trade discount rate to 6% later received the sum of € 28 676.80 to immediately deposit with a bank that the interest rate is 1.75% gross. determines, applying the procedure of the calendar year (36500): a) the value of the credit poor December 10 b) the column that will accrue to the merchant 31. December, knowing that the bank will apply the 20% withholding tax on interest. [Results: 29 200.00 €, 28 € 819.79]
PS: The withholding tax is an advance payment of income tax that applies on accrued interest (so called gross ) will be calculated and raised the interest they become so clear.
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