8. Mike Fagan needs $25,000 to expand his flower shop. Find the face value of a simple discount note that will provide t
Posted: Wed Mar 09, 2022 8:14 am
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
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