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Assuming a 360-day year, the interest charged by the bank, at the rate of 10%, on a 90-day, discounted note payable of $104,712 is Select
Assuming a 360-day year, the interest charged by the bank, at the rate of 10%, on a 90-day, discounted note payable of $104,712 is
Select the correct answer.
$10,471
$5,236
$2,618
$104,712
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