Use ordinary interest:
$$\begin{array} { | l | l | l | l | l | l | l | l | }
\hline & \text { Rate of } & & \text { Maturity } & \text { Date Note } & \text { Date Note } & \text { Discount } & \
\text { Principal } & \text { Interest } & \text { Time } & \text { Value } & \text { Made } & \text { Discounted } & \text { Period } & \text { Proceeds } \
\hline \$ 18,000 & 8 \% & 120 \text { days } & \text { A } & \text { June } 9 & \text { Sept } 6 & \text { B } & \text { C } \
\hline
\end{array}$$ Note to be discounted at 10%

Question

Use ordinary interest:
 $$\begin{array} { | l | l | l | l | l | l | l | l | } 
\hline & \text { Rate of } & & \text { Maturity } & \text { Date Note } & \text { Date Note } & \text { Discount } & \
 \text { Principal } & \text { Interest } & \text { Time } & \text { Value } & \text { Made } & \text { Discounted } & \text { Period } & \text { Proceeds } \
\hline \$ 18,000 & 8 \% & 120 \text { days } & \text { A } & \text { June } 9 & \text { Sept } 6 & \text { B } & \text { C } \
\hline
\end{array}$$ Note to be discounted at 10%

Quizplus · Accepted Answer

The Answer of Use ordinary interest:
 $$\begin{array} { | l | l | l | l | l | l | l | l | } 
\hline & \text { Rate of } & & \text { Maturity } & \text { Date Note } & \text { Date Note } & \text { Discount } & \
 \text { Principal } & \text { Interest } & \text { Time } & \text { Value } & \text { Made } & \text { Discounted } & \text { Period } & \text { Proceeds } \
\hline \$ 18,000 & 8 \% & 120 \text { days } & \text { A } & \text { June } 9 & \text { Sept } 6 & \text { B } & \text { C } \
\hline
\end{array}$$ Note to be discounted at 10%

Use Ordinary Interest Note to Be Discounted at 10