If the banker's discount on a sum due in 3 years is $300 at 5% per annum, what i

Practice Questions

Q1
If the banker's discount on a sum due in 3 years is $300 at 5% per annum, what is the present worth?
  1. $1800
  2. $2000
  3. $2200
  4. $2400

Questions & Step-by-Step Solutions

If the banker's discount on a sum due in 3 years is $300 at 5% per annum, what is the present worth?
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