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Title: The simple interest note was discounted at 15%. Find the discount period in days and the ...
Post by: lvnrn2012 on Jul 14, 2024
The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Oct 13
Face value: $64,000
Length of loan: 100 days
Rate: 12%
Date of discount: Jan 4

▸ 18 days, $63,603.20

▸ 18 days, $65,736.53

▸ 17 days, $63,531.56

▸ 17 days, $65,664.89


Title: Re: The simple interest note was discounted at 15%. Find the discount period in days and the ...
Post by: mattloftergener on Jul 14, 2024
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