Sandra Baker held a $3,500, 70-day note dated March 14, bearing interest at 10%. On April 14, she took the note to Loyal Capital Bank which discounted it at 15%. Use a 365-day year to find the missing information on the loan.

Question

Sandra Baker held a $3,500, 70-day note dated March 14, bearing interest at 10%. On April 14, she took the note to Loyal Capital Bank which discounted it at 15%. Use a 365-day year to find the missing information on the loan.
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Quizplus · Accepted Answer

The Answer of Sandra Baker held a $3,500, 70-day note dated March 14, bearing interest at 10%. On April 14, she took the note to Loyal Capital Bank which discounted it at 15%. Use a 365-day year to find the missing information on the loan.
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Sandra Baker Held a $3,500, 70-Day Note Dated March 14