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Business, 25.10.2021 14:00 missmychiefrkt0

First Bank loaned $360,000 for 180 days to a company purchasing a rock-crushing machine. The bank sold the 7% simple interest note 120 days later at an 8% discount rate. Find the proceeds. Assume a 360-day year for both notes.

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First Bank loaned $360,000 for 180 days to a company purchasing a rock-crushing machine. The bank so...
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