Question: Complete the following table for these simple discount notes. Use the ordinary interest method. LU 11-1(2) Amount due at maturity 11-1. $6,000 Answer 11-2.
Complete the following table for these simple discount notes. Use the ordinary interest method. LU 11-1(2) Amount due at maturity 11-1. $6,000 Answer 11-2. $2,900 Discount rate 3+% Time 160 days Bank discount Proceeds 180 days
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