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Business, 05.12.2019 05:31 savannahwonder

Ray furniture wants to buy a dining room set for $7,000 with a 20% trade discount. ray needs the cash to pay the bill and is considering discounting a 90-day note dated may 12, with a maturity value of $6,500 at hunt bank at a discount rate of 13% on june 5. the bank discount if ray discounts the note is:

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