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December 18, 2014

Homework Help: algebra

Posted by Felicia on Tuesday, August 21, 2012 at 7:12pm.

A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale.

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