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C. Cost of money. 10. A loan to the Bank for $ 1,200, at 8%, to 72 days was made by Kamila. The bank uses

C. Cost of money.

10. A loan to the Bank for $ 1,200, at 8%, to 72 days was made by Kamila. The bank uses the discount method (it charges interest in advance). What was produced? What is the actual cost of the loan?

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