tommymonge2001 tommymonge2001

28-09-2022
Mathematics

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A borrower has two alternatives for a loan: (a) issue a $480,000, 60-day, 8% note or (b) issue a $480,000, 60-day note that the creditor discounts at 8%. (Assume a 360-day year is used for interest calculations.)

A borrower has two alternatives for a loan a issue a 480000 60day 8 note or b issue a 480000 60day note that the creditor discounts at 8 Assume a 360day year is class=

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