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assuming a 360-day period, proceeds of $46,947 were received from discounting a $47,905, 90-day note...

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Accounting

assuming a 360-day period, proceeds of $46,947 were received from discounting a $47,905, 90-day note at a bank. The discount rare used by the bank in computing the proceeds was
a. 6%
b. 8%
c. 9%
d. 10%

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