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Chad purchased a 9 0 - day interest - bearing note at 5 . 0 0 % p . a . that has a face
Chad purchased a day interestbearing note at pa that has a face value of $ a If he holds the note for the full days, calculate the maturity value of the note. Round to the nearest cent b If the note is discounted days from maturity at a rate of pa calculate his proceeds. Round to the nearest cent c In the short time Samuel held the note, what rate of interest did he earn? Round to decimal places
Chad purchased a day interestbearing note at pa that has a face value of $
a If he holds the note for the full days, calculate the maturity value of the note.
Round to the nearest cent
b If the note is discounted days from maturity at a rate of pa calculate his proceeds.
Round to the nearest cent
c In the short time Samuel held the note, what rate of interest did he earn?
Round to decimal places
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