SOLUTION: Please help me with the homework.
1. A promissory note dated 1 April 2021 for 1500, borrowed at a simple discount rate of 16% p.a. due on the 1 October 2021 is sold on the 1 Jul
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-> SOLUTION: Please help me with the homework.
1. A promissory note dated 1 April 2021 for 1500, borrowed at a simple discount rate of 16% p.a. due on the 1 October 2021 is sold on the 1 Jul
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Question 1193754: Please help me with the homework.
1. A promissory note dated 1 April 2021 for 1500, borrowed at a simple discount rate of 16% p.a. due on the 1 October 2021 is sold on the 1 July 2021.
1.1. what is the maturity value of the note?
1.2. what is the present value on the date of sale? Answer by ikleyn(52803) (Show Source):
