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25. A cement company accepted a note for $ 18,500 for completed work on a commercial building. The note is for 180 days at 7.5%
25. A cement company accepted a note for $ 18,500 for completed work on a commercial building. The note is for 180 days at 7.5% simple interest. If the note is sold at a 9% discount rate for 30 days after receipt, calculate the bank discount. 26. An office supply store borrowed funds to purchase certain specialized equipment. The note was 320 days long with an interest rate of 7.8% with a maturity value of $ 304,000. Find the face value
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