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You need $6,000 for 62 days at a simple bank discount rate of 12%. What do you owe in 62 days? Use banker's Rule Question

You need $6,000 for 62 days at a simple bank discount rate of 12%. What do you owe in 62 days? Use banker's Rule Question 2 options: $6,000 $6,124 $6,126.62 $5,876

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