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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 75
Solve the following application problem. Use a 360-day year where applicable.
Cathy Cockrell signed a 180-day simple discount note with a rate of 10% and a face value of $25,000. Find (a) the interest __________________ and (b) the proceeds. __________________
Cathy Cockrell signed a 180-day simple discount note with a rate of 10% and a face value of $25,000. Find (a) the interest __________________ and (b) the proceeds. __________________
Explanation
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The following table is given, 
Recall th...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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