Question: a $ 5 , 0 0 0 , 3 . 5 % , 1 2 0 - day note dated February 8 ( not a

a $5,000,3.5%,120-day note dated February 8(not a leap year), is discounted on May 3. assuming a 3% discount rate the bank discount is: $10.74 $15.17 $16.12

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