question archive Erin Jensen needs $10,500 to pay for college tuition
Erin Jensen needs $10,500 to pay for college tuition
Subject:BusinessPrice: Bought3
Erin Jensen needs $10,500 to pay for college tuition. Find the face value of a simple discount note that will provide the $10,500 in proceeds if she plans to repay the note in 300 days and the bank charges a 7.5% discount rate.
