(1 point) Suzie wants to buy a car for $6750. If she pays cash she receives...

(1 point) Suzie wants to buy a car for $6750. If she pays cash she receives a 8.5% cash discount. To get the cash she signs a 120-day non-interest bearing note. If the bank discounts notes at an interest rate of 6% what face value is needed on the note for Suzie to receive the cash she needs to buy the car?

Expert Solution

jeff jeffy answered 1 year ago

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