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Juan-Solez, a prominent painter, takes out a simple discount note for one year from River National Bank for $5,000. The annual rate of interest is
Juan-Solez, a prominent painter, takes out a simple discount note for one year from River National Bank for $5,000. The annual rate of interest is 8%. What's the amount of the discount and the proceeds?
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An Introduction to Analysis
Authors: William R. Wade
4th edition
132296381, 978-0132296380
