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mars03 mars03
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2 months ago
The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Oct 13
Face value: $18,500
Length of loan: 100 days
Rate: 11%
Date of discount: Jan 4

▸ 18 days, $18,960.42

▸ 17 days, $18,930.23

▸ 17 days, $18,364.95

▸ 18 days, $18,395.14
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
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sherbiejr16sherbiejr16
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