Question: A 1 2 0 - day $ 1 0 0 , 0 0 0 promissory note was purchased at a simple discount rate of 5

A 120-day $100,000 promissory note was purchased at a simple discount rate of 5.4%. What is the purchase price of the note?
$97,950.00
$98,200.00
$97,840.82
$98,219.18
A 1 2 0 - day $ 1 0 0 , 0 0 0 promissory note was

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