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  • 5 years ago

Maroon Corp. holds the following interest-bearig-notes. On Feb. 14, 2010 they are sold to a bank that charges 11and 3/4 % simple discount. Find the total proceeds. FV Dn tn r a.13900 Oct. 10 '09 4 mos. 13 and 1/8% b.14600 Dec. 23 '09 45 days 14 and 4/5 %

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