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10% is wrong. Thank you in advance Assuming a 360-day year, proceeds of $48,827 were received from discounting a $49,951, 90-day note at a bank.

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Assuming a 360-day year, proceeds of $48,827 were received from discounting a $49,951, 90-day note at a bank. The discount rate used by the bank in computing the proceeds was Os 10% Oc.796 Od. 2

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