Short Answer
Mark Price, the owner of Biggie's Restaurant, took a simple discount note for two years from PNC Bank for renovations. His loan was for $10,000 at a 6% discount rate. Calculate (A)bank discount, (B)proceeds, (C)effective rate to the nearest tenth.
Correct Answer:
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A. 10,000 × .06 × 2...View Answer
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Correct Answer:
Verified
A. 10,000 × .06 × 2...
View Answer
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