Answered You can hire a professional tutor to get the answer.

QUESTION

Mel Sturbridge needs $24,700 to remodel his home. Find the face value of a simple discount note that will provide the $24,700 in proceeds if he plans to repay the note in 180 days and the bank charges

Mel Sturbridge needs $24,700 to remodel his home.

Find the face value of a simple discount note that will provide the $24,700 in proceeds if he plans to repay the note in 180 days and the bank charges an 8% discount rate.

Round to the nearest cent.

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question