An interest bearing promissory note for 90 days at 5.6% p.a. has a face value of $120,000. If the note is discounted 20

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answerhappygod
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An interest bearing promissory note for 90 days at 5.6% p.a. has a face value of $120,000. If the note is discounted 20

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An interest bearing promissory note for 90 days at 5.6% p.a. has
a face value of $120,000. If the note is discounted 20 days after
the issue date at a rate of 7.3% p.a., calculate the amount of
discount
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