Aman holds a note of 55,000 that has an interent rate of 13% annualy. The note wan made on March 16 and in due November 13. He sele the note to a bank on June 14 at a discount rate of 12 annually....


Aman holds a note of 55,000 that has an interent rate of 13% annualy. The note wan made on March 16 and in due November 13. He sele the note to a bank on June 14 at a discount rate of 12<br>annually. Find the proceeds on he thied-party diacount note. (Use the bankers nule)<br>The proceeds are S<br>(Round the ival anwer to the nearest hundredth n needed. Round all intermediate values to the nearest hundredh a needed)<br>

Extracted text: Aman holds a note of 55,000 that has an interent rate of 13% annualy. The note wan made on March 16 and in due November 13. He sele the note to a bank on June 14 at a discount rate of 12 annually. Find the proceeds on he thied-party diacount note. (Use the bankers nule) The proceeds are S (Round the ival anwer to the nearest hundredth n needed. Round all intermediate values to the nearest hundredh a needed)

Jun 10, 2022
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