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Complete the Following for This Interest-Bearing Note That Is Discounted

Question 66

Short Answer

Complete the following for this interest-bearing note that is discounted at 11% (use 360 days).
 Rate of  Maturity  Date Note  Date Note  Discount  Principal  Interest  Time  Value  Made  Discounted  Period  Proceeds $90,0008%50 days  A  Tune 2  June 28  B  C \begin{array} { | l | l | l | l | l | l | l | l | } \hline & \text { Rate of } & & \text { Maturity } & \text { Date Note } & \text { Date Note } & \text { Discount } & \\\text { Principal } & \text { Interest } & \text { Time } & \text { Value } & \text { Made } & \text { Discounted } & \text { Period } & \text { Proceeds } \\\hline \$ 90,000 & 8 \% & 50 \text { days } & \text { A } & \text { Tune 2 } & \text { June 28 } & \text { B } & \text { C } \\\hline\end{array}

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A. $91,000...

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