Question: Anderson Co . issued a $ 4 3 , 7 6 6 , 6 0 - day, discounted note to National Bank. The discount rate

Anderson Co. issued a $43,766,60-day, discounted note to National Bank. The discount rate is 8%. At maturity, assuming a 360-day year, the
borrower will pay:
a. $43,766
b. $43,182
c. $44,350
d. $40,265
Anderson Co. issued a $43,766,60-day, discounted note to National Bank. The

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