Lee.com accepted a $70,000, 63%, 120-day note on July 26. Lee discounts the note on October...
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Lee.com accepted a $70,000, 63%, 120-day note on July 26. Lee discounts the note on October 28 at LB Bank at 6%. What proceeds did Lee receive? (Use Days in a year table.) Note: Round your answer to the nearest cent. > Answer is complete but not entirely correct. Lee received $ 71,153.66 x Lee.com accepted a $70,000, 63%, 120-day note on July 26. Lee discounts the note on October 28 at LB Bank at 6%. What proceeds did Lee receive? (Use Days in a year table.) Note: Round your answer to the nearest cent. > Answer is complete but not entirely correct. Lee received $ 71,153.66 x
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