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NeuroJuice NeuroJuice
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4 months ago

On May 12, Alyssa accepted a $5,000 note in granting a time extension of a bill for goods bought by Lucy. Terms of the note were 8% for 120 days. On July 8, Alyssa needed to raise cash and discounted the note at Lucy's bank at a discount rate of 9%. Calculate Alyssa’s proceeds. Use ordinary interest.

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Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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skdiveelisskdiveelis
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NeuroJuice Author
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4 months ago
Brilliant ツ
Kstan109
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Thank you, thank you, thank you!
veronee_madison
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You make an excellent tutor!
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