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Find the discount and proceeds on the simple discount note. Round to the nearest cent. Maturity value: $3000.00 Discount rate: 8% Time (days): 240 A)
Find the discount and proceeds on the simple discount note. Round to the nearest cent. Maturity value: $3000.00 Discount rate: 8% Time (days): 240 A) Discount: $157.81 Proceeds: $2842.19 B) Discount: $0.00 Proceeds: $3000.00 C) Discount: $240.00 Proceeds: $2760.00 D) Discount: $160.00 Proceeds: $2840.00 Find the due date and proceeds. Round dollar amounts to the nearest cent. Maturity value: $2274 Discount rate: 9% Date made: June 20 Time: 90 days Due date:____? Proceeds: ___? A) Due date: September 20 Proceeds: $1769.36 B) Due date: September 18 Proceeds $2222.84 C) Due date: September 20 Proceeds: $2222.84 D) Due date: September 18 Proceeds: $1769.36 Find the missing values. Round amounts to the nearest dollar and rates to the nearest percent. Maturity value: $10, 720 Discount rate:____? Date made: ____? Due date: 9/3 Time: 120 days Discount: $1253 Proceeds:____? A) Discount rate: 33% Date made: 5/6 Proceeds: $10, 720 B) Discount rate: 35% Date made: 5/3 Proceeds: $9467 C Discount rate: 33% Date made: 5/6 Proceeds: $9467 D) Discount rate: 35% Date made: 5/6 Proceeds: $9467
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