Question 10 Suppose the person holding the promissory note from the above problem sells the note after 80 days (40 days of discounting). Find the discount amount if the note is discounted at 10%. Type...

help 10,11,12Question 10<br>Suppose the person holding the promissory note from the<br>above problem sells the note after 80 days (40 days of<br>discounting). Find the discount amount if the note is<br>discounted at 10%.<br>Type your answer<br>Question 11<br>Find the proceeds from the above problem.<br>Type your answer<br>Question 12<br>A bank makes a new loan of $15,000 face value at a<br>discount rate of 8% for 6 months. Find the proceeds.<br>Type your answer<br>

Extracted text: Question 10 Suppose the person holding the promissory note from the above problem sells the note after 80 days (40 days of discounting). Find the discount amount if the note is discounted at 10%. Type your answer Question 11 Find the proceeds from the above problem. Type your answer Question 12 A bank makes a new loan of $15,000 face value at a discount rate of 8% for 6 months. Find the proceeds. Type your answer

Jun 07, 2022
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