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lvnrn2012 lvnrn2012
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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: Oct 13
Face value: $64,000
Length of loan: 100 days
Rate: 12%
Date of discount: Jan 4

▸ 18 days, $63,603.20

▸ 18 days, $65,736.53

▸ 17 days, $63,531.56

▸ 17 days, $65,664.89
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
Authors:
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mattloftergenermattloftergener
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Thank you, thank you, thank you!
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