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Mobile Co. issued a $47,765, 60-day, discounted note to Guarantee Bank. The discount rate is 11%. At maturity, assuming a 360-day year, the borrower will

Mobile Co. issued a $47,765, 60-day, discounted note to Guarantee Bank. The discount rate is 11%. At maturity, assuming a 360-day year, the borrower will pay: Select the correct answer. $47,765 $42,511 $46,889 $48,641

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