Question: A 80-day note for $90 bears simple interest at 7.5% and is sold 24 days before maturity to a bank that uses a simple

A 80-day note for $90 bears simple interest at 7.5% and is

A 80-day note for $90 bears simple interest at 7.5% and is sold 24 days before maturity to a bank that uses a simple discount rate of 9.5%. What are the proceeds? Answer: S

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