Business, 16.12.2020 17:30 Damani14

12.Sunnydale Organics, Inc. harvests crops in roughly 90-day cycles based on a 360-day year. The firm receives payment from its harvests sometime after shipment. Due in part to the firm's rapid growth, it has been borrowing to finance its harvests using 90-day bank notes on which the firm pays 12 percent discount interest. If the firm requires $60,000 in proceeds from each note, what must be the face value of each note

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12.Sunnydale Organics, Inc. harvests crops in roughly 90-day cycles based on a 360-day year. The fir...

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