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rolpace88 rolpace88
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8 years ago
Find the discount and proceeds on a $66,900.00 face-value note for 100 days if the discount rate is 9.75%.
A) Discount = $1811.88
Proceeds = $65,088.12
B) Discount = $1787.05
Proceeds = $65,112.95
C) Discount = $0.00
Proceeds = $66,900.00
D) Discount = $6522.75
Proceeds = $60,377.25
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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8 years ago
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rolpace88 Author
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#2
8 years ago
Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.
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#3
8 years ago
You're welcome
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