Nai N.

asked • 03/15/17

8600 note is signed for 280 days at a discount rate of 11.5% find the proceeds

Need help with some finite math it is college level math. need help asap

James M.

The formula of discount factor is similar to that of a present value of money and is calculated by adding the discount rate to one which is then raised to the negative power of a number of periods. The formula is adjusted for the number of compounding during a year. Mathematically, the discount factor formula is represented as below, Discount Factor (DF) = (1 + (i/n) )-n*t where, i = Discount rate t = Number of years n = Number of compounding periods of a discount rate per year
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08/26/19

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