Nreinert11 Nreinert11
  • 09-10-2022
  • Mathematics
contestada


RACE HORSES Robert Johnson owns a farm and breeds race horses. To purchase three
thoroughbreds, he signs a 180-day note with a maturity value of $265,000 and proceeds c
$253,737.50. Find (a) the discount and (b) the true (or effective) rate.

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