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Question 68

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent, dollar amounts to the nearest cent, and time to the nearest day.
-A note with a face value of $3,300 was discounted at 7%. If the discount was $58, find the length of the loan in days.


A) 90 days
B) 60 days
C) 92 days
D) 120 days

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