Mandy Boullet needs $13,000 to prepare her web-page design business for opening. Her bank will loan her

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Mandy Boullet needs $13,000 to prepare her web-page design business for opening. Her bank will loan her the money at a banker's discount rate of 10.0% for 237 days.

Find the face value of the note so that Ms. Boullet will have the required $13,000. Use banker's interest of 360 days.

Related Book For answer-question

Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Posted Date: Mar 05, 2024 02:10 AM

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Mandy Boullet needs $13,000 to prepare her web-page design business for opening. Her bank will loan her

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Heres how to find the face value of the note 1 Bankers Interest vs True Interest Its important to no... View the full answer

Fundamental accounting principle

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