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Drill Problem 1 1 - 5 ( Algo ) [ LU 1 1 - 2 ( 1 , 2 ) ] Solve for maturity value,
Drill Problem AlgoLU
Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of Use the ordinary interest method. Use Days in a year table.
Note: Do not round intermediate calculations. Round your final answers to the nearest cent.
tabletableFace valueprincipaltableRate ofinteresttableLength ofnotetableMaturityvaluetableDate ofnotetableDate notediscountedDiscount period,Bank discount$ days,,October November
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