Answered: Discount P6421 for 12.68 months at 8%…

Discount P6421 for 12.68 months at 8% simple interest. IN 2 decimal places. To discount the amount ? for ? years, means to solve for? applying the formula? = ?/(? + ??)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...

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Discount P6421 for 12.68 months at 8% simple interest. IN 2 decimal places.

To discount the amount ? for ? years, means to solve for? applying the formula? = ?/(? + ??)

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