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Author Question: Twin City Freezer accepts a note with face value of $5160 on June 4. The note is for 240 days at 7% ... (Read 146 times)

schs14

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on: Feb 26, 2020
Twin City Freezer accepts a note with face value of $5160 on June 4. The note is for 240 days at 7% interest based on ordinary interest. The note is discounted on July 24 at 8% using the banker's rule. Find the proceeds.
◦ $5171.57
◦ $5172.77
◦ $5124.72
◦ $5201.27
Business Math ¦ Cleaves, Hobbs, Noble ¦ 11th Edition
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Marked as best answer by schs14 on Feb 26, 2020

akemokai

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Reply #1 on: Feb 26, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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schs14

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Reply 2 on: Feb 26, 2020
Excellent

alexanderhamilton

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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