Question: Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Value Discount Rate (%)
Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Value Discount Rate (%) Date of Note Term (days) Maturity Date $77,000 5 May 6 52 ---Select--- Bank Discount (in $) $ Proceeds (in $)
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