Question: Integrated Excel Problem 1 1 - 6 ( Static ) Based on Summary Practice Test 2 The face value of a simple discount note is

Integrated Excel Problem 11-6(Static) Based on Summary Practice Test 2
The face value of a simple discount note is $17,000. The discount is 4% for 160 days. Calculate the following:
Required:
Using the information above please compute the following:
Amount of the discount.
Amount of proceeds received.
Amount payee would receive at maturity.
Effective rate.

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