Complete the following table for the simple discount notes using the ordinary interest method: Amount Due at Maturity Discount Rate Time Bank Discount Proceeds $22,000 4.8% 180 days? ?
Complete the following table for the simple discount notes using the ordinary interest method: Amount Due at Maturity Discount Rate Time Bank Discount Proceeds $22,000 4.8% 180 days? ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Complete the following table for the simple discount notes using the ordinary interest method:
Amount Due at Maturity Discount Rate Time Bank Discount Proceeds
$22,000
4.8%
180 days?
?
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