At 6% simple discount, find the present value of $300 which is due at the end of 90 days. What is the discount on the $300? O $296.50 O $165 O $4.50 O $3.50

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
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At 6% simple discount, find the present value of $300 which is due at the end of 90
days. What is the discount on the $300?
O $296.50
O $165
O $4.50
O $3.50
Transcribed Image Text:At 6% simple discount, find the present value of $300 which is due at the end of 90 days. What is the discount on the $300? O $296.50 O $165 O $4.50 O $3.50
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