Ask Question
27 January, 15:23

A $15,000, 11%, 120-day note dated Sept. 3, is discounted on Nov. 11. Assuming a bank discount rate of 9%, the proceeds would be

+3
Answers (1)
  1. 27 January, 15:52
    0
    Assuming a bank discount rate of 9%, the proceeds would be $15,351.74
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A $15,000, 11%, 120-day note dated Sept. 3, is discounted on Nov. 11. Assuming a bank discount rate of 9%, the proceeds would be ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers