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I need help with 11.6 Solve for maturity value, discount period, bank discount, and proceeds (assume for Problems 11-5 and 11-6 a bank discount rate
I need help with 11.6 
Solve for maturity value, discount period, bank discount, and proceeds (assume for Problems 11-5 and 11-6 a bank discount rate of 9%). LU 11-2(1, 2) Face value Rate of Length of Maturity Date of Date note Discount Bank (principal) interest note value note discounted period discount Proceeds 11-5. $50,000 11% 95 days June 10 July 18 11-6. $25,000 9% 60 days June 8 July 10 Step by Step Solution
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Finance The Basics
Authors: Erik Banks
1st Edition
0415384575, 9780415384575
