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Assuming a 360-day year, the interest charged by the bank at the rate of 7%, on a 90-day, discounted note payable of $134,400 is

Assuming a 360-day year, the interest charged by the bank at the rate of 7%, on a 90-day, discounted note payable of $134,400 is Round your answer to the nearest whole dollar. a. $9,408 b. $4,704 c. $2,352 d. $134,400

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