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Business, 05.03.2020 18:36 mikeeway33

On March 31, Dower Publishing discounted a $30,000 note at a local bank. The note was dated February 28 and required the payment of the principal amount and interest at 6% on May 31. The bank’s discount rate is 8%.
How much cash will Dower receive from the bank on March 31?

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On March 31, Dower Publishing discounted a $30,000 note at a local bank. The note was dated February...
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