(a) If you were lent 8,000 for 70 days at 5%, how much interest would you pay?...
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(a) If you were lent £8,000 for 70 days at 5%, how much interest would you pay?
(b) If a debt factor offered to discount an £11,000 bill of exchange at 7%, and if the bill had an outstanding period of 60 days, how much would the debt factor pay for the bill?
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273767923
12th Edition
Authors: Frank Wood, Ph.D. Sangster, Alan
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