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The face value of a simple discount note is $17,000. The discount is 4% for 160 days. Calculate the following. a. Amount of interest charged
The face value of a simple discount note is $17,000. The discount is 4% for 160 days. Calculate the following. a. Amount of interest charged for each note. (Round your answer to the nearest cent.) Amount of interest b. Amount borrower would receive. (Round your answer to the nearest cent.) Amount received c. Amount payee would receive at maturity, Page 1 of 1 Cty 219 words
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