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On March 1, Chase bank discounted Joe $7,000 note that mature on October 31, at a 9% discount rate, the bank deducted 1% service fees

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On March 1, Chase bank discounted Joe $7,000 note that mature on October 31, at a 9% discount rate, the bank deducted 1% service fees and 1% stamps, how much the bank deducted discount interest from Joe? O a. 420 O b. 472.5 OC 3675 O d. 490

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