Calculate proceeds for the interest-bearing note using ordinary interest:
$$\begin{array} { | l | l | l | }
\hline \text { Face Value } & \text { Discount Rate } & \text { Time in Days } \
\hline \$ 36,000 & 14 \% & 92 \
\hline
\end{array}$$

Question

Calculate proceeds for the interest-bearing note using ordinary interest:
 $$\begin{array} { | l | l | l | } 
\hline \text { Face Value } & \text { Discount Rate } & \text { Time in Days } \
\hline \$ 36,000 & 14 \% & 92 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate proceeds for the interest-bearing note using ordinary interest:
 $$\begin{array} { | l | l | l | } 
\hline \text { Face Value } & \text { Discount Rate } & \text { Time in Days } \
\hline \$ 36,000 & 14 \% & 92 \
\hline
\end{array}$$

Calculate Proceeds for the Interest-Bearing Note Using Ordinary Interest