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Linda Cruz

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A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale.
Stephanie Venze signed a simple discount note for $3400 for 120 days at a rate of 12%. Find (a) the proceeds and (b) (b) the effective interest rate based on the proceeds received by Venze.
Stephanie Venze signed a simple discount note for $3400 for 120 days at a rate of 12%. Find (a) the proceeds and

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