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The following loan is discounted. Find (a) the discount, (b) the amount of money received, and (c) the true interest rate. 1 P $1490.00,

The following loan is discounted. Find (a) the discount, (b) the amount of money received, and (c) the true interest rate. 1 P $1490.00, r 5%, 1-4 years Part: 0/3 Part 1 of 3 (a) The discount is $ 5

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