complete the following table for the simple discount notes. use the ordinary interest method. (round your answers to the nearest cent.): Amount due at maturity: $3,800 Discount rate: 6.25% Time: 200 days Bank discount: ?? Proceeds: ??

complete the following table for the simple discount notes. use the ordinary interest method. (round your answers to the nearest cent.): Amount due at maturity: $3,800 Discount rate: 6.25% Time: 200 days Bank discount: ?? Proceeds: ??

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

complete the following table for the simple discount notes. use the ordinary interest method. (round your answers to the nearest cent.):

Amount due at maturity: $3,800

Discount rate: 6.25%

Time: 200 days

Bank discount: ??

Proceeds: ??

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