Find the Proceeds to the Nearest Cent When the Following

question 39

Multiple Choice

Find the proceeds to the nearest cent when the following is discounted.
-Maturity value: $6,700 Discount period: 84 days
Discount rate: 11%

• A)$6,528.03
• B)$5,963.00
• C)$6,530.39
• D)$6,063.00

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