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Complete the following for this interest-bearing note that is discounted at 11%. (Use 360 days.) (Round your Proceeds answer to the nearest cent.) $ Principal

Complete the following for this interest-bearing note that is discounted at 11%. (Use 360 days.) (Round your "Proceeds" answer to the nearest cent.) $ Principal Rate of Interest Time Maturity Value Date Note Made Date Note Discounted 50,000 12 % 120 days Apr 05 May 201 Disount Period days Proceeds

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