You sign a simpie discount promissory note for $7,000 at a discount rate of 5%, for 30 months. What are the proceeds? O $3,500 $7,875 $875 O $6,125
You sign a simpie discount promissory note for $7,000 at a discount rate of 5%, for 30 months. What are the proceeds? O $3,500 $7,875 $875 O $6,125
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 17P
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