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OpenStudy (anonymous):
Abe Corp. discounted a 120-day note with a maturity value of $8,000 dated June 8 at the Village Bank on Sept. 2, at a discount rate of 9 percent. Use ordinary interest. How much did Abe receive? Abe Corp. discounted a 120-day note with a maturity value of $8,000 dated June 8 at the Village Bank on Sept. 2, at a discount rate of 9 percent. Use ordinary interest. How much did Abe receive? @Mathematics
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