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Jay Munson discounted a $9,600,7%,90-day note at Orchid Bank. He recorded the following entry: (Click the icon to view the journal entry.) How much interest

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Jay Munson discounted a $9,600,7%,90-day note at Orchid Bank. He recorded the following entry: (Click the icon to view the journal entry.) How much interest did Jay Munson lose by discounting the note? (Assume a 360-day year.) Amount of interest Jay Munson lost by discounting the

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