es Paul and Sandy Moede signed an 8 220 note at Citizen s

Last updated: 4/3/2024

es Paul and Sandy Moede signed an 8 220 note at Citizen s Bank Citizen s charges a 4 5 discount rate Assume the loan is for 320 days a Find the proceeds Note Use 360 days a year Round your intermediate calculations and final answer to the nearest cent Proceeds b Find the effective rate charged by the bank Note Use 360 days a year Do not round intermediate calculations Round your answer to the nearest tenth percent