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A $15,000, 6%, 50-day note dated November 8, is discounted at 5% on November 28. The proceeds of the ...

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A $15,000, 6%, 50-day note dated November 8, is discounted at 5% on November 28. The proceeds of the ...

A $15,000, 6%, 50-day note dated November 8, is discounted at 5% on November 28. The proceeds of the note would be:

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$14,936.46

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$15,610.64

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$63.54

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$15,061.98

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None of these

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 22 times

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