A six-month note dated June 30 for $2900 bears interest at 13.5%. Determine the proceeds of the

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A six-month note dated June 30 for $2900 bears interest at 13.5%. Determine the proceeds of the note if it is discounted at 9.75% on September 1.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:17 AM

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A six-month note dated June 30 for $2900 bears interest at 13.5%. Determine the proceeds of the

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Legal due date December 30 3 days Janua...View the full answer

Business Mathematics In Canada

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