Question: Question Content Area Anderson Co . issued a $ 5 5 , 2 6 3 , 6 0 - day, discounted note to National Bank.

Question Content Area Anderson Co. issued a $55,263,60-day, discounted note to National Bank. The discount rate is 7%. At maturity, assuming a 360-day year, the borrower will pay: a.$51,395 b.$54,618 c.$55,908 d.$55,263

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