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Solve for a simple discount note: (Round the Bank discount to the nearest cent.) Face value Rate Time (in days) Maturity value Bank discount $1,925
| Solve for a simple discount note: (Round the "Bank discount" to the nearest cent.) |
| Face value | Rate | Time (in days) | Maturity value | Bank discount |
| $1,925 | 5.5% | 148/360 | $ | $ |
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Probability For Risk Management
Authors: Matthew J. Hassett, Donald G. Stewart
2nd Edition
156698548X, 978-1566985482
