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On July 8, 2018. All lends Mina $10,000. Mina gives All a 90-day non-interest bearing promissory note with face amount(maturity value) $10,000. On August 12,

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On July 8, 2018. All lends Mina $10,000. Mina gives All a 90-day non-interest bearing promissory note with face amount(maturity value) $10,000. On August 12, 2018, Ali sells the note to a finance company that uses a simple interest rate r-5%. What are the proceeds received by All using exact time and 3 days of grace? Multiple Choice $9.92117 $10,043.49 $9.925.22

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