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Wayne signed a $ 1 0 , 0 0 0 note at Lynn Bank that charges a 7 % discount rate. Use ordinary interest. If

Wayne signed a $10,000 note at Lynn Bank that charges a 7% discount rate. Use ordinary interest. If the loan is for 150 days, find:
A. Proceeds
Note: Round your answer to the nearest cent.
B. Effective rate charges by the bank (to the nearest tenth percent)
AB-B
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