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A store owner applies for a loan. The bank approves a discount loan of $5000 for a term of 1 year, at an interest rate

A store owner applies for a loan. The bank approves a discount loan of $5000 for a term of 1 year, at an interest rate of 4.5%. The proceeds (amount that the borrower receives) is $5000 $4500 $4775 $4850

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