Question: 5. Randy borrowed $6600 on a 4.8% discount note for a period of 1 year 3 months. Remember that the interest on a discount note

5. Randy borrowed $6600 on a 4.8% discount note for a period of 1 year 3 months. Remember that the interest on a discount note is pre-paid. a. Find the interest Randy paid to the lender on the date she received the loan. b. Find the net amount Randy received from the lender. c. What was the actual rate of interest for the loan

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