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Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is
Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31,2024 , and the principal and interest are due at maturity. For each situation, determine the proceeds received from the bank on discounting the note. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar
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