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A $5,000, 60-day, 10% note receivable dated August 3 is discounted on September 1 at...

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Accounting

A $5,000, 60-day, 10% note receivable dated August 3 is discounted on September 1 at a discount rate of 12%. The amount of the discount will be $83.33. $52.53 $41.67. $48.33.

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