find the present value of $300 which is due at the end of 90 days using the 6% method. what is the discount on the $300?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
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at 6% simple discount, find the present value of $300 which is due at the end of 90 days using the 6% method. what is the discount on the $300?

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