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a) 8.81% nbers) 360 days 5. You hold a $2,000 promissory note at an 6% simple interest rate on 4/16/2018. The note has a 270-day

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a) 8.81% nbers) 360 days 5. You hold a $2,000 promissory note at an 6% simple interest rate on 4/16/2018. The note has a 270-day term. If you sell the note on 9/10/2018 to a bank charging a 7% simple discount rate, how much will you receive from the bank when you sell it? Use Banker's rule. a) $2,040.01 b) $2,085.64 c) $2,097.45 d) $2,136.72 imple Discount - dt) ++

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