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Question 3 6 ( 1 point ) How much cash will the borrower receive for a $ 1 2 , 0 0 0 , 7

Question 36(1 point)
How much cash will the borrower receive for a $12,000,75-day, noninterest-bearing note discounted at 8 percent?
$11,600
$11,900
$11,800
$12,000
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