Question
Anderson Co. issued a $46,284, 60-day, discounted note to National Bank. The discount rate is 10%. At maturity, assuming a 360-day year, the borrower will
Anderson Co. issued a $46,284, 60-day, discounted note to National Bank. The discount rate is 10%. At maturity, assuming a 360-day year, the borrower will pay
a.$46,284
b.$45,513
c.$41,656
d.$47,055
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