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A $95 60000, Non-Interest-Bearing Note Due August 1, 2017, Discounted on March

Question 34

Multiple Choice

A $95 600.00, non-interest-bearing note due August 1, 2017, discounted on March 1, 2015, at 1.49% compounded monthly. Find the proceeds.

A) $92 220.90
B) $92 335.41
C) $92 106.54
D) $99 225.96
E) $92 243.34

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