Question: (1 point) A 220-day note for $2050 bears interest at 5.5% and is sold 130 days before the due date to a bank that uses
(1 point) A 220-day note for $2050 bears interest at 5.5% and is sold 130 days before the due date to a bank that uses a simple discount rate of 7.5% What are the proceeds? Answer $ 203409147 PMA
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