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A $120,000, 5%, 200-Day Note Dated June 6, Is Discounted

Question 51

Multiple Choice

A $120,000, 5%, 200-day note dated June 6, is discounted on October 8. The discount period is:

A) 124 days
B) 76 days
C) 142 days
D) 67 days
E) None of these

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