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    Practical Business Math Procedures Study Set 2
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    Exam 11: Promissory Notes, Simple Discount Notes, and the Discount Process
  5. Question
    Lisa Davidson Signed a $12,000 Note from Springfield National Bank
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Lisa Davidson Signed a $12,000 Note from Springfield National Bank

Question 83

Question 83

Short Answer

Lisa Davidson signed a $12,000 note from Springfield National Bank at a 5% discount for 222 days (assume 360 days in a year). Calculate the bank discount.

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