How much did monica receive from the bank
Problem
Miss Monica Fuentes bought a $9,000 1.5% 48 week T-Bill on May 8 and sold it to the Bank 26 weeks later at a discount rate of 1%. Find the proceeds to Monica (how much did Monica receive from the Bank).
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Miss Monica Fuentes bought a $9,000 1.5% 48 week T-Bill on May 8. Find the proceeds to Monica (how much did Monica receive from the Bank).
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. Find the discount at the time of the sale to the Bank.
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Darcy holds a 200 day note from Brenda. Note was given by Brenda to Darcy since former owes latter $69,000. How much would she have originally made as profit?
Darcy holds a 200 day note from Brenda. This note was given by Brenda to Darcy since the former owes the latter $69,000. How much profit did the bank make?
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