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OpenStudy (anonymous):
On March 30, Wad Thompson accepted a nine-month $32,250 promiisory note at 7% interest from one of his clients to pay for some carpentry work he had completed. On April 27, he sold the note to Hammond bank at 9.5% interest. What were his proceeds?
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OpenStudy (dwelsher):
68.48
OpenStudy (dwelsher):
~68.5
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