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Assuming a 360-day year, proceeds of $52,695 were received from discounting a $53,770, 90-cay note at a bank. The discount rate used by the bank

Assuming a 360-day year, proceeds of $52,695 were received from discounting a $53,770, 90-cay note at a bank. The discount rate used by the bank in computing the proceeds was Oa 10% Ob. 99 Oc Od. 6%

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