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The Note Is Sold to Kim on December 21,2007

Question 8

Multiple Choice

The note is sold to Kim on December 21,2007.Kim discounts the note at a simple interest rate of r = 15%.How much does Kim pay for the note?


A) $10,298.48
B) $10,211.81
C) $10,224.10
D) $10,168.49

Correct Answer:

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