Mathematics, 29.07.2019 12:00, rjmarin592ovzbn9
Afirst city bank accepted a $3,500, 5%, 120-day note dated august 8 from a capstone company in settlement of a past bill. on october 11, first city discounted the note at park bank at 6%.a. what is the note’s maturity value? (use 360 days a year. do not round intermediate calculations. round your final answer to the nearest cent.)b. what is the discount period? c. what is the bank discount? (use 360 days a year. do not round intermediate calculations. round your final answer to the nearest cent.)d. what proceeds does first city receive? (use 360 days a year. do not round intermediate calculations. round your final answer to the nearest cent.)
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Afirst city bank accepted a $3,500, 5%, 120-day note dated august 8 from a capstone company in settl...
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