Business

Business, 17.07.2020 17:01, cody665

Chang Co. issued a $50,172, 120-day, discounted note to Guarantee Bank. The discount rate is 10%. Assuming a 360-day year, the cash proceeds to Chang Co. are:. A. $55,189
B. $50,172
C. $50,590
D. $48,500

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Chang Co. issued a $50,172, 120-day, discounted note to Guarantee Bank. The discount rate is 10%. As...

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