Question: 24) A note dated March 21 matures on may 8. the maturity value is $405 and the proceeds are $398.79. find the discount rate ------------------------------------------------------------------------------------------------------------------------------------------------------------

24) A note dated March 21 matures on may 8. the maturity value is $405 and the proceeds are $398.79. find the discount rate

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The face value of a note was $2,538 and the proceeds were $2,504.16. If the term of the note was 40 days, what was the discount rate?

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What is the face value of a note discounted at 12% for 90 days if the borrower receives $814.80 as proceeds?

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Sheri Turner signed a 72 day note with a discount rate of 8% and received $7,714. How much must she repay?

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