Question: 3. Logically and mathematically reason out the solution, and formulate computer-based models to solve the problems (Computer model Optional): Warren borrowed $14,000 on a noninterest-bearing,

3. Logically and mathematically reason out the solution, and formulate computer-based

3. Logically and mathematically reason out the solution, and formulate computer-based models to solve the problems (Computer model Optional): Warren borrowed $14,000 on a noninterest-bearing, simple discount, 4.5% 60 day note. Assume ordinary interest. What are a. i. The maturity value, ii. Bank's discount, iii. Warren's proceeds, iv. Effective interest rate to the nearest 100

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