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momoluv25 momoluv25
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6 months ago

Afi Corporation accepted a $12,000 note on July 15, with terms of 14% for 60 days. Afi Company discounted the note on July 28, at the Victory Bank at 10%. What proceeds did Afi Company receive? Use ordinary interest.

Note: Round to the nearest cent.

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Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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coconut122coconut122
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