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Anderson Co. issued a $43,705, 60-day, discounted note to National Bank. The discount rate is 11%. At maturity, assuming a 360-day year, the borrower will

Anderson Co. issued a $43,705, 60-day, discounted note to National Bank. The discount rate is 11%. At maturity, assuming a 360-day year, the borrower will pay: a.$44,506 b.$38,897 c.$42,904 d.$43,705

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