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A $25,000, 15%, 80-Day Note Dated November 5, Is Discounted

Question 13

Multiple Choice

A $25,000, 15%, 80-day note dated November 5, is discounted at National Bank on January 5. The discount period is:

A) 80 days
B) 19 days
C) 61 days
D) 91 days
E) None of these

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