Question: Question 7 0 1 2 . 5 pts Solve the problem. Mark Golden needs $ 7 8 5 4 . 5 6 to pay for

Question 7
012.5 pts
Solve the problem.
Mark Golden needs $7854.56 to pay for remodeling work. His bank loans money at a discount rate of 10% for 270 days. Find the face value of a loan so he will have $785456.
None of these.
$8640.02
$8482.00
$7854.56
$8491.42 Option =none of these is not the correct option
 Question 7 012.5 pts Solve the problem. Mark Golden needs $7854.56

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!