There are some excellent free personal finance apps available: Mint.com, GoodBudget, Mvelopes, BillGuard, PocketExpense, HomeBudget, and Expensify. After using Mint.com, you realize you need to pay off one of your high interest loans to reduce your interest expense. You decide to discount a $5,700, 325-day note at 4% to your bank at a discount rate of 4.5% on day 210. What are your proceeds? Note: Round your final answer to the nearest whole number.
There are some excellent free personal finance apps available: Mint.com, GoodBudget, Mvelopes, BillGuard, PocketExpense, HomeBudget, and Expensify. After using Mint.com, you realize you need to pay off one of your high interest loans to reduce your interest expense. You decide to discount a $5,700, 325-day note at 4% to your bank at a discount rate of 4.5% on day 210. What are your proceeds? Note: Round your final answer to the nearest whole number.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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There are some excellent free
Note: Round your final answer to the nearest whole number.
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