Question: Darcy holds a 200 day note from Brenda. This note was given by Brenda to Darcy since the former owes the latter $69,000. The simple
Darcy holds a 200 day note from Brenda. This note was given by Brenda to Darcy since the former owes the latter $69,000. The simple interest note is dated Dec. 28 and carries an interest of 8%. The note is then sold by Darcy to a bank on March 17 at a discount rate of 12%. Let's say Darcy does not sell the note. How much would she have originally made as profit? Group of answer choices $3,066.67 $3,606.67 $3,006.67 $3,666.67
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