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Warren borrowed $14,000 on a noninterest-bearing, simple discount, 4.5%, 60 day note. Assume ordinary interest. Find: 1. Maturity value (format as $12,345) 2. Bank's discount

Warren borrowed $14,000 on a noninterest-bearing, simple discount, 4.5%, 60 day note. Assume ordinary interest.

Find:

1. Maturity value (format as $12,345)

2. Bank's discount (format as $12,345)

3. Warren's proceeds (format as $12,345)

4. Effective interest rate to the nearest 100th (format as (12.34%)

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