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Anderson Colissued a $55,535, 60-day, discounted note to National Bank. The discount rate is 10%. At maturity, assuming a 360-day year, the borrower will say:

Anderson Colissued a $55,535, 60-day, discounted note to National Bank. The discount rate is 10%. At maturity, assuming a 360-day year, the borrower will say: Da 40 Ob 55553 Oc54/ Od. 556,451

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