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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 99
Solve following application problems. Round rate to the nearest tenth of a percent, time to the nearest day, and money to the nearest cent.
INCOME TAX PAYMENT Managers at Benson Automotive sign a $48,000 simple discount note for six months for funds to pay corporate income taxes. If the discount rate is 8.5%, find (a) the discount _____________and (b) the proceeds. _____________
INCOME TAX PAYMENT Managers at Benson Automotive sign a $48,000 simple discount note for six months for funds to pay corporate income taxes. If the discount rate is 8.5%, find (a) the discount _____________and (b) the proceeds. _____________
Explanation
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The following information is given, 
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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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