Determine the nominal value of paid

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Reference no: EM131867871

1) Determine the discounted value and the banking discount of a nominal value of $1,500 with a maturity of 3 months and a discount rate of 10%.

2) Determine the nominal value of a paid whose discounted value today is $434,522, expires in 18 months and the discount rate is 10.23%.

Reference no: EM131867871

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