Author Question: The initial date of a note is February 11. If the interest is due on August 30, there are 120 days ... (Read 86 times)

beccaep · **on:** Jun 24, 2018

The initial date of a note is February 11. If the interest is due on August 30, there are 120 days from the initial date of the note to the day the interest is due. Assume a nonleap year.
Indicate whether the statement is true or false

Question 2

To calculate a bank discount, divide the maturity value by the discount percent.
Indicate whether the statement is true or false