Martha jones received a $540 discount loan to purchase a new sewing machine. The loan was offered at 12.5% for 90 days. Find the interest in dollar and the proceeds for the following problems.
$100 discount loan for 7%
1) Pay back $100 in one year
2) Receive $93, today.
$540 discount loan for 12.5%
1) Pay back $540.00 in 90 days.
2) Receive WHAT, today? It's less than
