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Chang Co. issued a $60,000,120-day, discounted note to Guarantee Bank. The discount rate is 116 . Assuming a 360 -day year, the cash proceeds to

Chang Co. issued a $60,000,120-day, discounted note to Guarantee Bank. The discount rate is 116 . Assuming a 360 -day year, the cash proceeds to Chang Co, are Round your answer to the nearest whole dollar. a. 557800 1.. 560,000 ci 566600 d 560,550

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