Determining the maturity, Mobile Co. issued a $45,000,

Determining the maturity

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Reference no: EM13137726

Mobile Co. issued a $45,000, 60-day, discounted note to Guarantee Bank. The discount rate is 6%. At maturity, the borrower will pay:

a. $45,450

b. $42,300

c. $45,000

d. $44,550

Reference no: EM13137726

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