Multiple Choice
A $6,500,12% note dated April 23 for 88 days was discounted on June 2 at 14%.The amount of the discount (using a 360-day year) is:
A) $780.00.
B) $190.67.
C) $124.89.
D) $115.56.
Correct Answer:
Verified
Correct Answer:
Verified
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