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Assuming a 360-day year, the interest charged by the bank, at the rate of 11%, on a 90-day, discounted note payable of $100,404 is Oa.

Assuming a 360-day year, the interest charged by the bank, at the rate of 11%, on a 90-day, discounted note payable of $100,404 is Oa. $100,404 Ob. $11,044 Oc. $5,522 Od. $2,761

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