Carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both had the same terms: $19,500 at 8% for 2 years. use ordinary interest as needed. a. calculate the simple interest note proceeds. simple interest note proceeds $ b. calculate the simple discount note proceeds. simple discount note proceeds

1 answer
Question:

Carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both had the same terms: $19,500 at 8% for 2 years. use ordinary interest as needed.
a. calculate the simple interest note proceeds. simple interest note proceeds $
b. calculate the simple discount note proceeds. simple discount note proceeds

Answers

B.calculate the simple discount note proceeds. simple discount note proceeds

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