document.write( "Question 1131680: Find the discount D and the amount the borrower receives (proceeds) PR for the discount loan.
\n" ); document.write( "M = $960, d = 6.25%, t = 10 months
\n" ); document.write( "D = $
\n" ); document.write( "PR = $
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Algebra.Com's Answer #748895 by MathLover1(20849)\"\" \"About 
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\"M\" = $\"960\",
\n" ); document.write( "\"d+=+6.25\"%, =>\"0.0625\"
\n" ); document.write( "\"t+=+10\" months=>\"t=%2810%2F12%29years=%285%2F6%29years\"\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"D=Mdt+\"\r
\n" ); document.write( "\n" ); document.write( "\"D=960%2A0.0625%2A%285%2F6%29+\"
\n" ); document.write( "\"D=50\"\r
\n" ); document.write( "\n" ); document.write( "\"D\"= $\"50\" \r
\n" ); document.write( "\n" ); document.write( "The Proceeds, \"PR\", of the loan is the actual amount the borrower receives from the loan is given by
\n" ); document.write( "\"PR+=+M+-D+\"\r
\n" ); document.write( "\n" ); document.write( "\"PR+=++960-50\"\r
\n" ); document.write( "\n" ); document.write( "\"PR+=++910\"\r
\n" ); document.write( "\n" ); document.write( "\"PR\"= $\"910\" \r
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