Practical Business Math Procedures
Practical Business Math Procedures
12th Edition
ISBN: 9781259540554
Author: Jeffrey Slater, Sharon Wittry
Publisher: McGraw-Hill Education
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Chapter 11.1, Problem 2AH

(a)

To determine

The Bank discount and the proceeds of Maturity Value of a $8,000 note for 120 days at a discount rate of 3.

(b)

To determine

The Bank discount and the proceeds of Maturity Value of a $4,550 note for 110 days at a discount rate of 8.1%.

(c)

To determine

The Bank discount and the proceeds of Maturity Value of a $19,350 note for 55 days at a discount rate of 12.7.

(d)

To determine

The Bank discount and the proceeds of Maturity Value of a $63,400 note for 90 days at a discount rate of 10.

(e)

To determine

The Bank discount and the proceeds of Maturity Value of a $13,490 note for 200 days at a discount rate of 7.9.

(f)

To determine

The Bank discount and the proceeds of Maturity Value of a $780 note for 65 days at a discount rate of 12.5.

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Practical Business Math Procedures

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