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20 October, 21:44

A $15,000, 6 percent, 50-day note, dated November 8, is discounted at 5 percent on November 28, the proceeds of the note would be?

A. $14,936,46

b. $ 15,610,64

c. $63,54

d. $15,061,98

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Answers (1)
  1. 20 October, 21:48
    0
    The answer is the D option.
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