Unformatted text preview: 1. (5500*.055)/205*365 = 538.597561 539 5. Find (a) the discount and (b) the proceeds for the following simple discount note. Face Value: $ 9700 Discount Rate: 9.5% Time ( Days): 135 9700 * .095 * (135/365) = 340.828767 Discount = 340.83 9700  340.828767 = 9359.17123 Proceeds = 9359.17...
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This note was uploaded on 12/30/2009 for the course MATH 1220 taught by Professor Roarty during the Spring '09 term at Metropolitan Community College Omaha.
 Spring '09
 Roarty
 Math

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