Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note.
Posted: Thu Jul 07, 2022 2:22 pm
Carl Sonntag wanted to compare what proceeds he would receivewith a simple interest note versus a simple discount note. Both had the same terms: $17,125 at 6% for 2 years. Useordinary interest as needed.
a. calculate the simple interest note proceeds
b. Calculate the simple discount not proceeds
a. calculate the simple interest note proceeds
b. Calculate the simple discount not proceeds