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deodeo deodeo
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10 months ago
Answer the question.

Acme Manufacturing Company needs to borrow $150,000.00 for 50 days to pay creditors. One way to get the money would be by way of a simple interest note with a rate of 8% and a principal of $150,000.00. At what discount rate would a simple discount note with proceeds of $150,000.00 have to be given to match the simple interest note? Round to the nearest ten-thousandths of a percent.
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Business Mathematics

Business Mathematics


Edition: 15th
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dressagegal1dressagegal1
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deodeo Author
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Brilliant ツ
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