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Miss Fatma stated that she would not be able to pay a 25-day bill with a face value of $ 14,000 on time. By declaring,
Miss Fatma stated that she would not be able to pay a 25-day bill with a face value of $ 14,000 on time. By declaring, he wants to give 2 long term bills instead. $ 8,000 par value for 1st note 3 month maturity, 135-day maturity is required for the 2nd bill. Internal discount rate of 12% applies to all bills What is the nominal value of the second bill to be granted
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