Question: 48 q. I need answer ASAP! Assuming a 360-day year, proceeds of $47,791 were received from discounting a $48,514, 90-day note at a bank. The

48 q.

48 q. I need answer ASAP! Assuming a 360-day year, proceeds of

I need answer ASAP!

Assuming a 360-day year, proceeds of $47,791 were received from discounting a $48,514, 90-day note at a bank. The discount rate used by the bank in computing the proceeds was Oa. 5.96% Ob. 7.2% Oc. 7.71% Od. 3.96%

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