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. Find the proceeds for the simple discount note. Face value $4,530, discount rate 7.2%, time 125 days $113.25 $111.70 $4,416.75 $4,418.30
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Find the proceeds for the simple discount note.
Face value $4,530, discount rate 7.2%, time 125 days


$113.25

$111.70

$4,416.75

$4,418.30

User Sandro Paganotti
by
8.8k points

1 Answer

2 votes
4530-(4530*0.072*125/360)
=4416.75
User Ilya Smagin
by
7.5k points
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