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I need help with part one and part two of the question. Homework: Chapter 9 Save Score: 0 of 1 pt 18 of 25 (24
I need help with part one and part two of the question.
Homework: Chapter 9 Save Score: 0 of 1 pt 18 of 25 (24 complete) HW Score: 87.07%, 25.25 of 29 pts X 9.3.25 Assigned Media Question Help T & H Research and Consulting requires $320,000 to replace its mainframe computer. A bank will lend the funds on a simple discount note for 110 days at a discount rate of 13%. Find the face value required to produce proceeds of $320,000. Use this value to determine the effective interest rate. Use banker's interest of 360 days. . The face value of the note must be $ (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. 1 pamaining part remaining Clear All CheckStep by Step Solution
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