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A document that expires on June 24, 2022, is sold on March 4 of the same year for $1,846. If the exc...
5 months ago
Q:
A document that expires on June 24, 2022, is sold on March 4 of the same year for $1,846. If the exchange house applies a discount rate of 18%, the nominal value of the document, written in integers, is:
Accepted Solution
A:
1513.72