Question: A $9440 note is signed, for 100 days, at a discount rate of 9.5%. Find the proceeds. A) $9190.89 B) $8543.20 C) $9440.00 D) $9194.30
A $9440 note is signed, for 100 days, at a discount rate of 9.5%. Find the proceeds. A) $9190.89 B) $8543.20 C) $9440.00 D) $9194.30
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
