Bill blank signed an 8150 note at citizenrsquos bank


Bill Blank signed an $8,150 note at Citizen’s Bank. Citizen’s charges a 6.4 % discount rate. Assume the loan is for 310 days. Find the proceeds. Find the effective rate charged by the bank.

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Financial Management: Bill blank signed an 8150 note at citizenrsquos bank
Reference No:- TGS01247391

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