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Find the proceeds of the following ban discount notes: 2. Maturity Value 30,000 23,200 4,000 6,600 12,000 Maturity Date Nov. 25, 1993 May 16, 1994
Find the proceeds of the following ban discount notes: 2. Maturity Value 30,000 23,200 4,000 6,600 12,000 Maturity Date Nov. 25, 1993 May 16, 1994 Sept. 17, 1993 June 5, 1994 April 16, 1993 Date of Discount July 3, 1993 Dec. 15, 1993 Feb. 19, 1993 Jan. 11, 1994 Oct. 25, 1992 Interest Rate 10.2% 12% 9.75% 8% 12.6% 3 4. 5. 2. Caloy receives a 60-day Php 6,200 bank discount note on September 4, 2008. How much will he have received if it is discounted at 9% 15 days later
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