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David received a 100-day promissory note on 17th April 2013 with an 8% simple interest rate per annum. After 40 days, he discounted the note
David received a 100-day promissory note on 17th April 2013 with an 8% simple interest rate per annum. After 40 days, he discounted the note at a discount rate of 6% and received proceeds of $18,300. Find the a) Maturity date, b) Maturity value c) Discount amount, d) Face value, e) Amount of interest received by David
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