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[-13 Points] DETAILS BRECMBC9 10.111.012. Using ordinary interest, 360 days, calculate the bank discount (in $), proceeds (in $), and effective rate (as a round

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[-13 Points] DETAILS BRECMBC9 10.111.012. Using ordinary interest, 360 days, calculate the bank discount (in $), proceeds (in $), and effective rate (as a round effective rate to the nearest hundredth of a percent. Face Value Discount Rate (%) Term (days) Bank Discount Proceeds Effective Rate (%) $6,205 10.49 76 $ % Need Help? Read it Talk to a Tutor 3. [-/1 Points) DETAILS BRECMBC9 10.111.015.MI. If you sign a discount note for $5.500 at a bank discount rate of 9% for 9 months, what is the effective interest rat. % Need Renait Watch It Master Talk to a Tutor

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