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April 20, 2014

Homework Help: algebra

Posted by Felicia on Tuesday, August 21, 2012 at 7:14pm.

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.

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