help

cash discount. Ryan needs more cash to pay the bill and is considering discounting a 130-day note dated May 4 with a maturity value of $7,000 at Security Bank at a discount rate of 9% on July 8. Should Ryan discount the note? 5. Ron Jean buys a $10,000 Treasury bill at 8 1/2 % discount for 13 weeks Calculate purchase price and effective rate of interest to nearest hundredth percent. Previous Next 5. Ron Jean buys a $10,000 Treasury bill at 8 1/2 % discount for 13 weeks Calculate purchase price and effective rate of interest to nearest hundredth percent