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rolpace88 rolpace88
wrote...
Posts: 3242
9 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:
Read 441 times
3 Replies
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Answer verified by a subject expert
MillionMillion
wrote...
Top Poster
Posts: 3708
9 years ago
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rolpace88 Author
wrote...
9 years ago
Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.
wrote...
9 years ago
You're welcome
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