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Compute Bank Discount Using (A) Ordinary Interest, (B) Proceeds, and (C)

Question 45

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Compute bank discount using (A) ordinary interest, (B) proceeds, and (C) effective interest rate to nearest hundredth. Do not round denominator in your calculation.
Compute bank discount using (A) ordinary interest, (B) proceeds, and (C) effective interest rate to nearest hundredth. Do not round denominator in your calculation. A. $520; B. $11,480; C. 13.59%
A. $520;
B. $11,480;
C. 13.59%

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