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Round rates to the nearest tenth of a percent, amounts to the nearest dollar, and time to the nearest day. A $9000 note is signed,
Round rates to the nearest tenth of a percent, amounts to the nearest dollar, and time to the nearest day. A $9000 note is signed, for 60 days, at a discount rate of 11%. Find the proceeds. A) $8835.00 B) $8010.00 C) $9000.00 D) $8837.26 Find the simple interest rate that corresponds to the simple discount rate for the given time. Round to the nearest hundredth of a percent. 7%, 1 year A) 7.61% B) 6.45% C) 7.53% D) 7.45% Find the simple discount rate that corresponds to the simple interest rate for the given time. Round to the nearest hundredth of a percent. 14%, 1 year A) 11.40% B) 12.28% C) 13.16% D) 12.39% Find the proceeds to the nearest cent when the following is discounted. Maturity value: $4000 Discount period: 90 days Discount rate: 9.5% A) $3620.00 B) $3905.00 C) $3720 D) $3906.30
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