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Andre Fox borrowed $15,000 on a non-interest-bearing, simple discount, 7 1/2% 90-day note. Assume ordinary interest. What is (a) maturity value, (b) the bank's discount,

Andre Fox borrowed $15,000 on a non-interest-bearing, simple discount, 7 1/2% 90-day note. Assume ordinary interest. What is (a) maturity value, (b) the bank's discount, (c) Andre's proceeds, and (d) the effective rate to nearest hundredth percent?

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