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A company requires a 12-month loan of $100,000 and borrows on a discount interest basis at a n rate of 3.2%. If the company must

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A company requires a 12-month loan of $100,000 and borrows on a discount interest basis at a n rate of 3.2%. If the company must actually receive $100,000 net proceeds, calculate the face value of the note. ominal Select one O a. $103,306 O b. $113,636 . $103,200 O d. $123,967

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