Question: Jason Melvin signed a simple discount note with a face value of $ 4 , 8 0 0 at a discount rate of 8 %

Jason Melvin signed a simple discount note with a face value
Jason Melvin signed a simple discount note with a face value of $4,800 at a discount rate of 8% for 7 months. Find the proceeds of the note and the effective interest rate.
Find the proceeds of the note.
$
of $4,800 at a discount rate of 8% for 7 months. Find

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