Multiple Choice
Find the proceeds to the nearest cent when the following is discounted.
-Maturity value: $88,400 Discount period: 89 days
Discount rate: 9%
A) $80,544.00
B) $86,433.10
C) $86,460.04
D) $80,444.00
Correct Answer:
Verified
Correct Answer:
Verified
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