Multiple Choice
Solve the problem. Round rates to the nearest tenth of a percent, dollar amounts to the nearest cent, and time to the nearest day.
-A $8,090 note is signed, for 70 days, at a discount rate of 9.5%. Find the proceeds.
A) $7,940.56
B) $7,942.61
C) $8,090.00
D) $7,321.45
Correct Answer:
Verified
Correct Answer:
Verified
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