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Anderson Co. issued a $50,000,60-day, discounted note to National Bank. The discount rate is 6%. At maturity, assuming a 360 -day year, the borrower will

Anderson Co. issued a $50,000,60-day, discounted note to National Bank. The discount rate is 6%. At maturity, assuming a 360 -day year, the borrower will pay 2. 553,000 b. $50000 c. $50,500 d. 549,500

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