Find the discount at the time of the sale to the bank


Problem

Miss Monica Fuentes bought a $9,000 1.5% 48 week T-BiII on May 8 and sold it to the Bank 26 weeks later at a discount rate of 1%. Find the discount at the time of the sale to the Bank.

 

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Financial Accounting: Find the discount at the time of the sale to the bank
Reference No:- TGS03238717

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