Question: A debtor owes $4,675 on August 24 th. The note holder sells the note to a third part on May 17 th who uses 11%
A debtor owes $4,675 on August 24 th. The note holder sells the note to a third part on May 17 th who uses 11% Simple Interest to discount it. A. What does the Original Debtor owe on August 24th? B. What does the Third Party pay for the note on May 17 th? For Both Answers: round to the nearest penny, USE dollar sign, USE commas as needed A. What does the Original Debtor owe on August 24th? A B. What does the Third Party pay for the note on May 17 th? A
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