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Piscataway sells discount notes with a face value of $2,000 and proceeds of $1,700. The term of each note is 5 years. (You should be able to confirm that the simple discount rate is 3%).
a. If Piscataway must raise $800,000, how many of these notes must it sell?
b. This problem could be viewed as a simple interest transaction rather than a simple discount transaction. What is the simple interest rate corresponding to the values in this scenario?
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Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
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