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Mobile Co. issued a $42,527, 60-day, discounted note to Guarantee Bank. The discount rate is 8%. At maturity, assuming a 360-day year, the borrower will

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Mobile Co. issued a $42,527, 60-day, discounted note to Guarantee Bank. The discount rate is 8%. At maturity, assuming a 360-day year, the borrower will pay: Select the correct answer. O $43,094 $39,125 o $41,960 O $42.527

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