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Home Q & A Board Science-Related Homework Help Mathematics
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bioFREAK11 bioFREAK11
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A year ago
Pierce & Erickson Home Loan discounted the following two non-interest-bearing notes. Compute the missing information. Use a 360-day year.

a.Face Value:$800b.Face Value:$2,400
 Date of Note:October 9 Date of Note:June 5
 Time to Run:90 days Time to Run:75 days
 Discount Date:November 8 Discount Date:July 5
 Discount Rate:12% Discount Rate:9%
      
 Interest Amount:        $0         Interest Amount:        $0       
 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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hannahfenghannahfeng
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A year ago
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bioFREAK11 Author
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A year ago
this is exactly what I needed
Lourd Jenkins
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Yesterday
Thank you, thank you, thank you!
elizabetheldrid
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2 hours ago
Smart ... Thanks!
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