Question: 24) Henry Smith buys a $70,000 T-note at a 6.4% simple interest for 24 weeks (discount note). Find the interest earned and purchase price of

24) Henry Smith buys a $70,000 T-note at a 6.4% simple interest for 24 weeks (discount note). Find the interest earned and purchase price of the T-note. (Assume 52 weeks per year.) Simple discount interest = Discounted purchase price =

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