Question: A $8190 note is signed, for 160 days, at a discount rate of 13.5%. Assume 360 days in a year. Find the proceeds. (25 points)
A $8190 note is signed, for 160 days, at a discount rate of 13.5%. Assume 360 days in a year. Find the proceeds. (25 points) 3) Find the compound amount for the deposit. Round to the nearest cent. $1800 at 7% compounded quarterly for 4 years (25 points) 4) Solve the problem. A bank gives you two options to choose from for your investments: Option A: 6% annual interest rate compounded yearly, and Option B: 5.9% annual interest rate compounded quarterly. Decide which is the better investment at the end of 2 years. Show calculations before you select which is the better investment (30 points)
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