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jok3333 [9.3K]
4 years ago
11

Simple Discount notes

Mathematics
1 answer:
Usimov [2.4K]4 years ago
5 0

Answer:

24,700 = P*(1 -rt)

P = $24,700/(1 -0.08*(180/360)) = $25,729.17 . . . . . assuming a 360-day year

The face value is $25,729.17.

Step-by-step explanation:

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