Question: Tech Support Associates accepts a $8010, 8%, 120-day note for service equipment. The note is dated Sep 9 and is based on ordinary interest. On

Tech Support Associates accepts a $8010, 8%, 120-day note for service equipment. The

note is dated Sep 9 and is based on ordinary interest. On Oct 21 the firm discounts the

note at a bank, at a 10% discount rate using the bankers rule. Find the proceeds. (2 points)

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