Jasper Savings Bank loaned Colline $3,000 for 125 days at 8.45% simple interest then 45 days later sold the note to Troupsburg Trust at a simple discount rate of 7.68%. Find (a) the maturity value of...


Jasper Savings Bank loaned Colline $3,000 for 125 days at 8.45% simple interest then 45 days later sold the note to Troupsburg Trust at a simple discount rate of 7.68%. Find (a) the maturity value of the note and (b) the amount Troupsburg Trust paid for it.



May 05, 2022
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