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Mostafa91 Mostafa91
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3 months ago

Jones Corporation accepted a $25,000, 8%, 120-day note on July 8. Jones discounted the note on September 4, at Rool Bank at 7%. What proceeds did Jones 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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frithnefrithne
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