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Anderson Co. issued a $55,776, 60-day, discounted note to National Bank. The discount rate is 9%. At maturity, assuming a 360-day year, the borrower will

Anderson Co. issued a $55,776, 60-day, discounted note to National Bank. The discount rate is 9%. At maturity, assuming a 360-day year, the borrower will pay: O a. $50,756 Ob. $55,776 Oc. $56,613 O d. $54,939
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Anderson Co. issued a $55,776,60-day, discounted note to National Bank. The discount rate is 9%. At maturity, assuming a 360 -day year, the borrower will pay: a. $50,756 b. $55,776 c. $56,613 d. $54,939

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