Carl Sonntag wanted to compare what proceeds he would receieve with a simple interest note versus a

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Carl Sonntag wanted to compare what proceeds he would receieve with a simple interest note versus a simple discount note. Both had the same terms: $18,875 at 8% for 3 years. Use ordinary interest as needed.

A. Calculate the simple interest note proceeds

B. Calculate the simple discount note proceeds.

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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Posted Date: Apr 30, 2020 03:51 AM

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Carl Sonntag wanted to compare what proceeds he would receieve with a simple interest note versus a

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Principal18875 at 8 for 3 years AThe sim... View the full answer

Entrepreneurial Finance

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