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Find the Discount and Proceeds on the Simple Discount Note

question 8

Multiple Choice

Find the discount and proceeds on the simple discount note.
-Face value: $13,230.00 Discount rate: 9.5%
Time (days) : 250


Definitions:

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Individuals

Single human beings, as opposed to groups or organizations, considered as single entities.

Marginal Benefits

The additional benefits received from the consumption of one more unit of a good or service.

Defense Goods

Products and services that are designed and produced for national security and military purposes.

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