Yo yogurt received a promissory bite of $15500 for 16 months at 8% simple interest from one of its customers after 9 months the note was discounted at a discount rate of 10% what are the proceeds yo yogurt will receive from the discounted note? $13846.67 $16152.72 $17153.33 $14595.83
Yo yogurt received a promissory bite of $15500 for 16 months at 8% simple interest from one of its customers after 9 months the note was discounted at a discount rate of 10% what are the proceeds yo yogurt will receive from the discounted note? $13846.67 $16152.72 $17153.33 $14595.83
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Yo yogurt received a promissory bite of $15500 for 16 months at 8% simple interest from one of its customers after 9 months the note was discounted at a discount rate of 10% what are the proceeds yo yogurt will receive from the discounted note?
$13846.67
$16152.72
$17153.33
$14595.83
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