Question: Question 17 3 pts Chapter 5 Discount Notes, APR Use: B = MDT, MV = Proceeds/1-DT The Darmatis are leaving for Indonesia to visit relatives

Question 17 3 pts Chapter 5 Discount Notes, APR Use: B = MDT, MV = Proceeds/1-DT The Darmatis are leaving for Indonesia to visit relatives and will need $8,000. What will they need to borrow (MV) from the finance company to end up with $8,000 in proceeds? The terms of the discount loan are 5.5% for 2 years

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