Twin City Freezer Accepts a Note with Face Value of $5150

question 82

Multiple Choice

Twin City Freezer accepts a note with face value of $5150 on June 4. The note is for 270 days at 10% interest. The note is discounted on July 23 at 12%. Find the proceeds.

• A) $5128.41
• B) $5063.48
• C) $5196.39
• D) $5126.57

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Definitions:

Ejaculated

Ejaculated refers to the expulsion of semen from the penis during orgasm in males.

Fluid Ounces

A unit of volume used primarily in the United States to measure liquids, equal to approximately 29.57 milliliters.

Gonadotropin-Releasing Hormone (GnRH)

A hormone that stimulates the pituitary gland to release follicle-stimulating hormone (FSH) and luteinizing hormone (LH), initiating the follicular phase of the ovarian cycle.

Pituitary

A small, pea-sized gland located at the base of the brain that produces hormones regulating growth, blood pressure, and other important functions of the body.