The maturity date, maturity value, discount period and proceeds of the promissory note where face value is $ 5 , 500 , interest rate is 13 1 2 % for 69 days. On 22 July, note was discounted at the rate 13.7 % . The date of the note is 17 June.

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Chapter 10, Problem 25AT

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To calculate: The maturity date, maturity value, discount period and proceeds of the promissory note where face value is $5,500, interest rate is 1312% for 69 days. On 22 July, note was discounted at the rate 13.7%. The date of the note is 17 June.

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