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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

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 b. 367.5 Oc. 490 O d. 472.5

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