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0 Chang Co. issued a $55,200, 120-day, discounted note to Guarantee Bank. The discount rate is 12%. Assuming a 360-day yar, the cash proceeds to

0 Chang Co. issued a $55,200, 120-day, discounted note to Guarantee Bank. The discount rate is 12%. Assuming a 360-day yar, the cash proceeds to Chang C. Round your answer to the nearest whole dollar. a. 355,200 b. 355,752 c. 352,992 d. $61,124

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