Activity A (Courseware Activity)
Dear Students, please copy the following questions in the paper of your own and write in with the correct answer.
1. Rahmat Bank is currently discounting notes at 7%. A company just signs a 45-day note for RM 8,000.
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a. |
How much is the discount? |
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b. |
What are the proceeds? |
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c. |
How much must be paid at maturity? |