Question: 1. Calculate the following table for these simple discount notes. Use the ordinary interest method: Amount Due at Discount Rate Time Bank Discount Proceeds Maturity
1. Calculate the following table for these simple discount notes. Use the ordinary interest method: Amount Due at Discount Rate Time Bank Discount Proceeds Maturity a. $16,000 2.5% 190 b. $20,000 6.25% 180 C. $17,500 120 d. $18,000 5.25% 180 5%
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