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An employee borrows $7000 from a bank to purchase some household items. She plans to repay the loan with a bonus she is supposed to

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An employee borrows $7000 from a bank to purchase some household items. She plans to repay the loan with a bonus she is supposed to receive in 120 days. If she borrows the money at 10.9%, find the discount and the proceeds. Use banker's interest of 360 days. The discount is $ (Round to the nearest cent.)

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