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Sammy Bailey needed funds prior to mid-March when the stimulus checks were to be funded and decided to look into discounting his 12-month $3,500 @
Sammy Bailey needed funds prior to mid-March when the stimulus checks were to be funded and decided to look into discounting his 12-month $3,500 @ 5.75% simple discount note to his bank for an 8.5% discount. What was the maturity value for Sammy's?
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To calculate the maturity value for Sammys 12month 3500 575 simple discount note discounted at 85 we ...
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Project Management The Managerial Process
Authors: Eric W Larson, Clifford F. Gray
8th Edition
1260570436, 978-1260570434
