Multiple Choice
Steadman's Computer endorses a customer's note dated June 17 to the bank on August 6.The interest rate on the note is 10%,and the bank discount rate is 12%.The note matures on September 6.The discount period is:
A) 31 days.
B) 60 days.
C) 81 days.
D) 0 days.
Correct Answer:
Verified
Correct Answer:
Verified
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