Question: Exercise 1.6 1. An amount of $6000 will settle a loan for four years at a discount rate of 8%. Determine the discount and the

Exercise 1.6 1. An amount of $6000 will settle a loan

Exercise 1.6 1. An amount of $6000 will settle a loan for four years at a discount rate of 8%. Determine the discount and the proceeds. ($1920, $4080 )

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