Juan Munoz held a $1,170, 45-day, non-interest-bearing note dated March 30. On April 30, he took the note to Southwest Equity Loans which discounted the note at 12%. Use a 365-day year to find the missing information on the loan.

Question

Juan Munoz held a $1,170, 45-day, non-interest-bearing note dated March 30. On April 30, he took the note to Southwest Equity Loans which discounted the note at 12%. Use a 365-day year to find the missing information on the loan.
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Quizplus · Accepted Answer

The Answer of Juan Munoz held a $1,170, 45-day, non-interest-bearing note dated March 30. On April 30, he took the note to Southwest Equity Loans which discounted the note at 12%. Use a 365-day year to find the missing information on the loan.
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Juan Munoz Held a $1,170, 45-Day, Non-Interest-Bearing Note Dated March