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5. You wish to compare what proceeds you would receive with a simple interest note versus a simple discount note. A.) Both have the same

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5. You wish to compare what proceeds you would receive with a simple interest note versus a simple discount note. A.) Both have the same terms: $19,500 at 8% for 2 years. B.) $22,000 at 7% for 2 years. Compare the proceeds: Proceeds from Simple Interest Note Proceeds from Simple Discount Note a. b

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