Compute Bank Discount Using (A)ordinary Interest, (B)proceeds, and (C)effective Interest

question 95

Short Answer

Compute bank discount using (A)ordinary interest, (B)proceeds, and (C)effective interest rate to nearest hundredth. Do not round denominator in your calculation.
$$\begin{array} { | l | l | l | } \hline \text { Face Value } & \text { Discount Rate } & \text { Time in Days } \\\hline \$ 12,000 & 13 \% & 120 \\\hline\end{array}$$

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Definitions:

Cultural Syndrome

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Shared Attitudes

Common beliefs or opinions held by a group of people that influence their behaviors and perceptions.

Geographic Region

A specific area or section of space that is identified or defined by its natural or human-made characteristics.

Change Blindness

See inattentional blindness.