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Integrated Excel Problem 1 1 - 6 ( Static ) Based on Summary Practice Test 2 The face value of a simple discount note is
Integrated Excel Problem Static Based on Summary Practice Test
The face value of a simple discount note is $ The discount is for days. Calculate the following:
Required:
Using the information above please compute the following:
Amount of the discount.
Amount of proceeds received.
Amount payee would receive at maturity.
Effective rate.
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