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How much cash on november from the bank

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Question 1: Timbrook Inc., issued a $25,000, 120-day, noninterest-bearing note on November 1, 2012, payable to the bank. At the date of discount, the bank's discount rate was 15 percent. The company would receive how much cash on November 1, 2012, from the bank?

Reference no: EM132516909

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