Question
Discounting and proceeds. Calculate the amount of proceeds and discount if a 90-day non-interest-bearing note that had a face value of $10,000 was sold in
Discounting and proceeds.
Calculate the amount of proceeds and discount if a 90-day non-interest-bearing note that had a face value of $10,000 was sold in 30 days when the interest rate was 7% p.a.
show soon please:
according to the book final answer is but idk how they come up with it
Proceeds: $9886.24, Discounts:$113.76
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ISO 27001 Handbook Implementing And Auditing An Information Security Management System In Small And Medium Sized Businesses
Authors: Cees Van Der Wens
1st Edition
1098547683, 978-1098547684
