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Principal: $80,000 Rate of Interest: 12% Time: 45 Days Date Note Made: Aug 1 Date Note Discounted Aug 15 Calculate the maturity date, maturity value,

Principal: $80,000 Rate of Interest: 12% Time: 45 Days Date Note Made: Aug 1 Date Note Discounted Aug 15 Calculate the maturity date, maturity value, length of the discount period and the proceeds. The note is to be discounted at 10%.

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