The face value of a $ 1 6 , 0 0 0 note is discounted for 6

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Question:

The face value of a $

16, 000

note is discounted for

60

days at

10 % . .

What is the discount amount?

Posted Date: May 11, 2024 04:14 AM

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The face value of a $ 1 6 , 0 0 0 note is discounted for 6

Question:

Expert Answer:

To calculate the discount amount we can use the formula Discount Face Val... View the full answer

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