Business, 22.01.2020 06:32 jwmiciche7367
On january 8, lowrence co. issued a $60,000, 120-day discounted note to raines bank. the discount rate is 8%. assuming a 360-day year, what is the amount of proceeds received?
a. $58,400
b. $55,200
c. $60,000
d. $61,600
Answers: 1
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