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On February 1, Chase bank discounted Joe $8,000 note that mature on November 1, at a 11% discount rate, the bank deducted 1% service fees

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On February 1, Chase bank discounted Joe $8,000 note that mature on November 1, at a 11% discount rate, the bank deducted 1% service fees and 1% stamps, how much the bank paid for Joe? a. 7,120 b. 7,180 O C. 7.253 d. 7,107 CLEAR MY CHOICE

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