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  3. jaspreet purchased a 90-day interest-bearing note

Jaspreet purchased a 90-day interest-bearing note at 4.70% p.a. that has a face value of...

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Accounting

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Jaspreet purchased a 90-day interest-bearing note at 4.70% p.a. that has a face value of $10,000.00. If the note is discounted 34 days from maturity at a rate of 6.40% p.a., calculate his proceeds. Round to the nearest cent

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