Question
Jack Steele needs $14,500 to computerize his inventory. Find the face value of a simple interest note that will
provide the $14,500 in proceeds if he plans to repay the note in 150 days and the bank charges an 11% discount rate.
A- $15,196.51
B- $15,164.58
C- $15,186.51
D- $15,155.48
Math