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A company received the following bill during 2017. The bits were discounted on the date and at the rate indicated. Date Principal Interest rate Term

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A company received the following bill during 2017. The bits were discounted on the date and at the rate indicated. Date Principal Interest rate Term Dute Discount rate amount Hiscounted Sep 1 58000 120 Nov 2 12% The proceeds from the sale of the bill are

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