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tkd_fighter tkd_fighter
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10 months ago
Solve the problem.

The Gibralter Company loaned $5,074 for 150 days to the Hazen Company for the purchase of business supplies.  The Gibralter Company sold the 9% simple interest note 45 days later at an 10% discount rate.  Find the discount period and the discount.

▸ Discount period:  105 days
Discount:  $153.54

▸ Discount period:  105 days
Discount:  $142.44

▸ Discount period:  105 days
Discount:  $151.36

▸ Discount period:  195 days
Discount:  $285.15
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
Authors:
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windytodaiwindytodai
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10 months ago
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tkd_fighter Author
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10 months ago
Good timing, thanks!
gefa
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Yesterday
Just got PERFECT on my quiz
ediblefruitz
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2 hours ago
Thanks for your help!!
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