A man holds a note of $5,000 that has an interest rate of 13% annually. The note
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Question:
A man holds a note of $5,000 that has an interest rate of 13% annually. The note was made on March 16 and is due November 13. He sells the note to a bark on June 14 at a discount rate of 12 annually. Find the proceeds on the third-party discount note.
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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