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I need help with this question. Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount
I need help with this question.
Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $18, 195 at 10% for 2 years. Use ordinary interest as needed. Calculate the simple interest note proceeds. Simple interest note proceeds $ Calculate the simple discount note proceeds. Simple discount note proceeds $Step by Step Solution
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