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OpenStudy (anonymous):
On April 12, Dr. Rowan accepted a $10,000, 60-day, 11% note from Bill Moss granting a time extension on a past due account. Dr. Rowan discounted the note at the bank at 12 percent on May 13. The bank discount is: (50 points) a. $ 98.44 b. $111.94 c. $ 94.48 d. $111.49 e. None of the above
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