Marcia Driscoll held a $2,650, 90-day, non-interest-bearing note datedSeptember 15. On October 15, she took the note
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Question:
Marcia Driscoll held a $2,650, 90-day, non-interest-bearing note datedSeptember 15. On October 15, she took the note to a bank which discounted the note at 13%. Use a 365-day year to find the missing information on the loan.
Interest Amount:
$0
Maturity Value:
__________
Maturity Date:
Dec. 14Days of Discount:
__________
Discount Amount:
__________
Proceeds:
__________
Expert Answer:
Posted Date:
