Thursday
April 17, 2014

Homework Help: math

Posted by Jan on Friday, June 7, 2013 at 2:44pm.

Home health signed a 90,000 note at 11 1/2% simple interest for 180 days for electronic equipment, on October 1. On February 18, the note was sold to another firm at a discount rate of 12 1/2%. Find a) the discount period, b) the discount, and c) the proceeds.

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