Mathematics, 07.02.2021 02:20 synite

A holder of $30500, 8%, 90 day note dated June 1st decides to sell the note at a discount based on ordinary interest. The notes is sold on July 19th at a discount of 12% using the bankers rule find the proceeds rounded to the nearest cent.

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A holder of $30500, 8%, 90 day note dated June 1st decides to sell the note at a discount based on o...

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