Business, 16.01.2020 23:31 papasully1
Carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both had the same terms: $19,500 at 8% for 2 years. use ordinary interest as needed.
a. calculate the simple interest note proceeds. simple interest note proceeds $
b. calculate the simple discount note proceeds. simple discount note proceeds
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