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Author Question: A holder of a $34,800, 9%, 120-day note dated June 3 decides to sell the note at a discount based on ... (Read 214 times)

stephzh

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on: Feb 26, 2020
A holder of a $34,800, 9%, 120-day note dated June 3 decides to sell the note at a discount based on ordinary interest. The note is sold on July 15 at a discount of 12% using the banker's rule. Find the proceeds.
◦ $34,556.16
◦ $34,900.11
◦ $35,145.04
◦ $34,912.06
Business Math ¦ Cleaves, Hobbs, Noble ¦ 11th Edition
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Marked as best answer by stephzh on Feb 26, 2020

Alyson.hiatt@yahoo.com

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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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stephzh

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Reply 2 on: Feb 26, 2020
Thanks for the timely response, appreciate it

olderstudent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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