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QUESTION
You get $250. The 12/26 note was $5,000-- 60-day note. So I multiplied the note times the rate, divided that by 60 and multiplied it times 5 days....
You get $250. The 12/26 note was $5,000-- 60-day
note. So I multiplied the note times the rate, divided that by 60 and multiplied it times 5 days. You get $10.
The rate is 15%. My question is how did they get $10.00 as the answer
