Find the proceeds and find the effective rate

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Reference no: EM13768324

Bill signed a $8,000 discount note at the bank which charged him a 6.5% discount rate. The loan is for 300 days. Please show all work.

Find the proceeds:

Find the effective rate:

Reference no: EM13768324

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Find the proceeds and find the effective rate : Bill signed a $8,000 discount note at the bank which charged him a 6.5% discount rate. The loan is for 300 days. Please show all work. Find the proceeds: Find the effective rate:

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