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Mr. Panulde wrote a 90 day note for ?25,500 on January 23, 2018 at 8% simple interest. He offered the note to a XYZ company
Mr. Panulde wrote a 90 day note for ?25,500 on January 23, 2018 at 8% simple interest. He offered the note to a XYZ company giving a reduction of 12.5% on March 4, 2018. What is the new value of the proceeds? Select one: a. ?24,784.22 b. ?25,648.75 c. ?25,784.22 d. ?25,558.44
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
11th edition
125956956X, 978-1259569562
