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Title: Solve the problem.The Gibralter Company loaned $5,074 for 150 days to the Hazen Company for the ...
Post by: tkd_fighter on Jul 14, 2024
Solve the problem.

The Gibralter Company loaned $5,074 for 150 days to the Hazen Company for the purchase of business supplies.  The Gibralter Company sold the 9% simple interest note 45 days later at an 10% discount rate.  Find the discount period and the discount.

▸ Discount period:  105 days
Discount:  $153.54

▸ Discount period:  105 days
Discount:  $142.44

▸ Discount period:  105 days
Discount:  $151.36

▸ Discount period:  195 days
Discount:  $285.15


Title: Re: Solve the problem.The Gibralter Company loaned $5,074 for 150 days to the Hazen Company for the ...
Post by: windytodai on Jul 14, 2024
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