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Assuming a 360-day year, proceeds of $47,697 were received from discounting a $49,046, 90-day note at a bank. The discount rate used by the bank
Assuming a 360-day year, proceeds of $47,697 were received from discounting a $49,046, 90-day note at a bank. The discount rate used by the bank in computing the proceeds was Oa. Ob. 16 O6 11% Od 129
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