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- On May 12, Scott accepted an $8,000, 12%, 90-day note for a time extension of a bill for goods bought by Ron. On June

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- On May 12, Scott accepted an $8,000, 12%, 90-day note for a time extension of a bill for goods bought by Ron. On June 12, Scott discounted the note at Able Bank at 10%. What does Scott receive? Maturity Value Discount Period Bank Discount Proceeds a

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