Question: DRILL PROB10 he following table for these simple discount notes, Use the o Discount mediunt Proceeds rate 2(% Amount due at maturity Bank Time LU
DRILL PROB10 he following table for these simple discount notes, Use the o Discount mediunt Proceeds rate 2(% Amount due at maturity Bank Time LU I 190 days 11-1. $4,250 61% 180 days 11-2. $2,900 gulate the discount period for the bank to wait to receive its money: LU 112 Date of note Length of note Date note discounted Discount period 11-3. April 12 45 days May 2 11-4. March 7 20 days June 8 for maturity value, discount period, bank discount, and proceeds (assume for Problems 1-9 a rate of 9%). LU 11-2(1,2) Solve Face value Rate of Length of Maturity Date of Date note lu (principal) interest note te note Discount note discounted peried disc June 10 July 18 value 11-5, $50,000 11% 95 days July 10 1-6, June 8 $25,000 9% 60 days
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