Carl sonntag wanted to compare what proceeds he would, Ask an Expert

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Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $19,610 at 10% for 1 years. Use ordinary interest as needed.

a. Calculate the simple interest note proceeds.

Simple interest note proceeds $

b. Calculate the simple discount note proceeds.

Simple discount note proceeds $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92699164

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