United Missouri Bank discounts a 120-day note for $60,000 at 6.75%. It uses 360 days in a year. What is the bank discount?
A) $1,200
B) $1,350
C) $1,250
D) $61,200
E) None of these
Correct Answer:
Verified
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Q57: Match the following terms with their definitions.
-Line
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