Roseland Design borrowed $700,000 on a 90-day note from CorpOne Funding Company.CorpOne discounts the note at 8%.(Assume a 360-day year is used for interest calculations.)

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The Answer of Roseland Design borrowed $700,000 on a 90-day note from CorpOne Funding Company.CorpOne discounts the note at 8%.(Assume a 360-day year is used for interest calculations.)

Roseland Design Borrowed $700,000 on a 90-Day Note from CorpOne