a Bill Blank signed an $8,150 note at Citizen's Bank Citizen's charges a 6. 40%...
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a Bill Blank signed an $8,150 note at Citizen's Bank Citizen's charges a 6. 40% discount rate Assume the loan is for 310 days. a. Find the proceeds (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete and correct. 5 7,700.84 Proceeds b. Find the effective rate charged by the bank. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest tenth percent.) Answer is not complete. Efective tato
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