Ask Question
8 August, 10:36

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. 8 August, 13:55
    0
    Assuming a bank discount rate of 9%, the proceeds would be $15,351.74
Know the Answer?
Not Sure About the Answer?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers