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Home Q & A Board Science-Related Homework Help Mathematics
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knoeller33 knoeller33
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A year ago
Equity Financial Corp. discounted the following two interest-bearing notes. Compute the missing information. Use a 360-day year.

a.Face Value:$6,800b.Face Value:$3,000
 Date of Note:April 16 Date of Note:October 28
 Interest Rate:10% Interest Rate:9%
 Time to Run:105 days Time to Run:45 days
 Discount Date:May 31 Discount Date:November 12
 Discount Rate:15% Discount Rate:12%
      
 Interest Amount:__________ Interest Amount:__________
 Maturity Value:__________ Maturity Value:__________
 Maturity Date:__________ Maturity Date:__________
 Days of Discount:__________ Days of Discount:__________
 Discount Amount:__________ Discount Amount:__________
 Proceeds:__________ Proceeds:__________
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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david200095367david200095367
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A year ago
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knoeller33 Author
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A year ago
You make an excellent tutor!
mcraver1
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Brilliant ツ
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This calls for a celebration Person Raising Both Hands in Celebration
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