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3. Solve for the Maturity Value, discount period, bank discount and proceeds (Assume a bank discount rate of 9%): Face Bank Rate Length Maturity Proceeds
3. Solve for the Maturity Value, discount period, bank discount and proceeds (Assume a bank discount rate of 9%): Face Bank Rate Length Maturity Proceeds Date Date of Discount Value of of Value of Discount Period Discount Inter Note Note est 50,000 95 days June 10 a. July 18 b. 25,000 9% 60 days June 8 July 10
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