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Determine i) the bank discount (D) and ii) the proceeds (P) if $1,000 is discounted at a discount rate of 15% for 6 months. Note

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Determine i) the bank discount (D) and ii) the proceeds (P) if $1,000 is discounted at a discount rate of 15% for 6 months. Note that this is a bank discount transaction. OD=$65; P=$9325 OD=$85; P=$915 OD=$80; P=$920 OD=$75; P=$925

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