8. Mike Fagan needs $25,000 to expand his flower shop. Find the face value of a simple discount note that will provide t

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

8. Mike Fagan needs $25,000 to expand his flower shop. Find the face value of a simple discount note that will provide t

Post by answerhappygod »

8. Mike Fagan needs $25,000 to expand his flower shop. Find the
face value of a simple discount note that will provide the $25,000
in proceeds if he plans to repay the note in 240 days and the bank
charges a 9% discount rate.
QUANTITATIVE METHODS
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”