Solve for maturity value discount period bank discount and proceeds Assume a bank discount rate of 9 Use the ordinary interest

Question

Solve for maturity value discount period bank discount and proceeds Assume a bank discount rate of 9 Use the ordinary interest method Use Days in a year table Note Do not round intermediate calculations Round your final answers to the nearest cent Face value principal 50 500 Rate of interest Length of note Maturity value 13 90 days Date of note September 18 Date note discounted October 9 Discount period days Bank discount Proceeds

Kunduz · Accepted Answer

Click to see the answer