Proceeds from Interest-Bearing Note Assignment | Homework For You

Question 4 of 20 Sarah purchased a 90-day interest-bearing note at 4.50% p.a. that has a face value of $25,000.00. If the note is discounted 36 days from maturity at a rate of 6.40% p.a., calculate her proceeds. Round to the nearest cent Next Question. Get Finance homework help today