Question
1. Find the proceeds for a discount note with $5,000 face value signed May 15 at 8.5% annual interest. The note is due November 18.
1. Find the proceeds for a discount note with $5,000 face value signed May 15 at 8.5% annual interest. The note is due November 18. Use ordinary interest.
2. A 90-day note is dated June 23. Find the maturity date, using exact time.
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Modern Analytical Auditing Practical Guidance For Auditors And Accountants
Authors: Thomas Mckee
1st Edition
0899303544, 978-0899303543
