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
Posted: Fri Mar 04, 2022 9:42 am
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
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