Reed Lyons held a $1,790, 60-day note dated December 22, bearing interest at 9%. On January 11, he took the note to Surety Financing Company which discounted it at 13%. Use a 365-day year to find the missing information on the loan.

Question

Reed Lyons held a $1,790, 60-day note dated December 22, bearing interest at 9%. On January 11, he took the note to Surety Financing Company which discounted it at 13%. Use a 365-day year to find the missing information on the loan.
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Quizplus · Accepted Answer

The Answer of Reed Lyons held a $1,790, 60-day note dated December 22, bearing interest at 9%. On January 11, he took the note to Surety Financing Company which discounted it at 13%. Use a 365-day year to find the missing information on the loan.
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Reed Lyons Held a $1,790, 60-Day Note Dated December 22