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15. DETAILS BRECMBC9 10.111.010. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Using ordinary interest, 360 days, calculate the missing information for the simple discount note.
15. DETAILS BRECMBC9 10.111.010. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 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 Bank Discount (in $) Proceeds (in $) $76,000 5 May 3 51 ---Select--- Need Help? Read It
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