dcradd3191 dcradd3191

06-06-2023
Business

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On January 8 , Lowrence Co. issued a $69,000,60-day discounted note to Raines Bank. The discount rate is 9%. Assuming a 360 -day year, what is the proceeds received? a. $67,965 b. $69,000 c. $62,790 d. $70,035

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