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Complete the following table for the simple discount notes. Use the ordinary interest method. (Round your answers to the nearest cent.) Discount rate Time Bank
Complete the following table for the simple discount notes. Use the ordinary interest method. (Round your answers to the nearest cent.) Discount rate Time Bank discount Proceeds Amount due at maturity $ 6,000 3.5% 160 days Calculate the discount period for the bank to wait to receive its money: (Use Days in a year table): Date of note Length of note Discount period Date note discounted November 12 October 21 45 days days
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