A 120-Day Promissory Note for $50,000 Bears Interest at R

Multiple Choice

A 120-day promissory note for $50,000 bears interest at r = 10%.It is sold 90-days before the maturity date to a bank that discounts the note at r = 15%.What does the bank pay for the note?

A) $49,742.71
B) $49,801.85
C) $49,782.29
D) $49,841.48