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 $2,000 note is signed, for 210 days, at a discount rate of 11%. Find the proceeds.
A) $1,780.00
B) $1,873.42
C) $2,000.00
D) $1,871.67
Correct Answer:
Verified
Correct Answer:
Verified
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