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Yukinara Yukinara
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Posts: 120
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A month ago

A $7,000, 4%, 120-day note dated March 20, is discounted on July 15. Assuming a 3% discount rate, the bank discount is:

Note: Round to the nearest cent.



$1.74



$1.77



$7.11



$17.68



None of these

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
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jamiecrojamiecro
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A month ago
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Yukinara Author
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A month ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Mcb
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Yesterday
Brilliant
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2 hours ago
Good timing, thanks!
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