Multiple Choice
Solve the problem.
-Twin City Freezer accepts a note with face value of $6,920 on June 1. The note is for 90 days at 8% interest. The note is discounted on July 24 at 9%. Find the proceeds.
A) $6,993.11
B) $6,991.35
C) $7,000.36
D) $6,912.36
Correct Answer:
Verified
Correct Answer:
Verified
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