Question: A bill with a nominal value of five thousand five hundred dinars, due to be paid on 4/17/2007, deducted with the Jordan Kuwait Bank on

A bill with a nominal value of five thousand five hundred dinars, due to be paid on 4/17/2007, deducted with the Jordan Kuwait Bank on 10/1/2007 at an annual international discount rate of 7%, and if you know that the bank charges a commission of 3.00 from the face value of the bill, and collection expenses in one percentage In thousandths of the nominal value as well. Find the value received by the customer and calculate the real discount rate that the bank receives, noting that the bank gives the debtor a repayment period of six days.

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