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Home Q & A Board Other Fields Homework Help Business Finance
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arunasingh5 arunasingh5
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A month ago
The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Jan 4
Face value: $3,200
Length of loan: 120 days
Rate: 11%
Date of discount: Mar 4

▸ 60 days, $3,256.51

▸ 61 days, $3,115.68

▸ 61 days, $3,233.01

▸ 61 days, $3,139.18
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
Authors:
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wellsarwellsar
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A month ago
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arunasingh5 Author
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A month ago
this is exactly what I needed
kevin12323h
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Yesterday
Thanks
homework1
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2 hours ago
Thanks for your help!!
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