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Rex Corporation accepted a $ 4 , 0 0 0 , 6 % , 1 2 0 - day note dated August 8 from Regis
Rex Corporation accepted a $day note dated August from Regis Company in settlement of a past bill. On October Rex discounted the note at Park Bank at Use Days in a year table.
a What is the note's maturity value?
Note: Use days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.
b What is the discount period?
Discount period
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