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Find the proceeds for the simple discount note. Face value $15,000, discount rate 6.5%, time 70 days $14,813.01 $186.99 $14,810.42 $189.58

Find the proceeds for the simple discount note. Face value $15,000, discount rate 6.5%, time 70 days $14,813.01 $186.99 $14,810.42 $189.58
asked 142k views
1 vote
Find the proceeds for the simple discount note.

Face value $15,000, discount rate 6.5%, time 70 days


$14,813.01

$186.99

$14,810.42

$189.58

asked
User Armstrongya
by
7.3k points

1 Answer

1 vote
15000-(15000*0.065*70/360)
=14810.42
answered
User Andreas Jansson
by
8.1k points
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