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Calculate the unknown variable for the following noninterest-bearing promissory note. (Round your answer to the nearest hundredth of a percent.) Discount Rate Sale Proceeds Principal

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Calculate the unknown variable for the following noninterest-bearing promissory note. (Round your answer to the nearest hundredth of a percent.) Discount Rate Sale Proceeds Principal $31,600.00 Issue Date Due Date Sale Date June 3, 2014 June 3, 2020 October 3, 2015 % compounded monthly $24,746.68

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