Question
a man holds a note of $6,000 that has an interest rate of 13% annually the note was made on march 17 and is due november 11 he sells the note to a bank on june 14 at a discount rate of 12% annually find the proceeds on the third-party discount rate.
Ok now I m a little confused
Ok now I m a little confused
Answers
Related Questions
how long will it take to earn $787.50 on $5000 at 5 1/4%(percent)
what is the rate it is compounded...
Sally holds an investment with an interest rate of 12.3% compounded annually.
How many years will...
What are the compound amount and interest at the end of three years if bire 10,000 borrowed at annua...