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13) Find the bank discount (3 pts) and proceeds (2 pts) using ordinary interest for a loan to Megan Smith for $3,250 at 8.75% annual

13) Find the bank discount (3 pts) and proceeds (2 pts) using ordinary interest for a loan to Megan Smith for $3,250 at 8.75% annual simple interest from Feb. 23 to Nov. 23 (not in a leap year). Use exact time. Show work in detail. Round to cent

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