Mathematics, 30.01.2020 16:59 goeringwilliam5470
A$15,000, 11 percent, 120-day note, dated sept. 3, is discounted on nov. 11. assuming a bank discount rate of 9 percent, the proceeds would
1. $15,550.00
2. $15,351.74
3. $15,531.74
4. $15,135.47
Answers: 3
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A$15,000, 11 percent, 120-day note, dated sept. 3, is discounted on nov. 11. assuming a bank discoun...
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