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Posted on Jul 28, 2024

f you borrow $ 4 , 0 0 0 for 1 2 1 days ( Banker ' s Rule ) from a bank that charges

f you borrow $

4, 000

for

121

days

(

Banker

'

s Rule

)

from a bank that charges a

3.25 %

simple bank discount rate, what is the bank discount in dollars?

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