MidnightAIY179
28.07.2019 •
Mathematics
Karim darmati holds a note of $7,000 that has a discount rate of 14%. the note was made on march 8 and is due october 19. karim sells the note to first city bank on july 16 at a discount rate of 10%. find the proceeds to karim. be sure to change the date worksheet to a 360-day year before calculating number of days. round your answer to the nearest whole dollar.
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Ответ:
.. P*(1 -rt) = $7000*(1 -0.10*(93/360)) ≈ $6819
Ответ:
linear decreasing
explanation:
the line is straight so its decreasing at a LINEAR rate, and the line is going down so its DECREASING. Hope that helps have a nice day