Solve the Problem. -Twin City Freezer Accepts a Note with Face Value of Face

question 70

Multiple Choice

Solve the problem.
-Twin City Freezer accepts a note with face value of $6,920 on June 1. The note is for 90 days at 8% interest. The note is discounted on July 24 at 9%. Find the proceeds.

• A)$6,993.11
• B)$6,991.35
• C)$7,000.36
• D)$6,912.36

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Definitions:

Serotonin

A neurotransmitter largely found in the brain, intestines, and blood platelets that regulates mood, appetite, sleep, memory, and learning.

Anencephaly

Failure of the forebrain to develop.

Neural Tube

The embryonic precursor to the central nervous system, which includes the brain and spinal cord.

Language Areas

Specific regions in the human brain responsible for language comprehension and production, including Broca's and Wernicke's areas.