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What is the maturity date of the note

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Reference no: EM133140920

Question - Roni Lockard signed a $27,500 simple discount promissory note at a certain bank. The discount rate was 19 (not in a leap-year) for 116 days.

(a) What proceeds (in $) will Roni receive on the note?

(b) What is the maturity date of the note?

Reference no: EM133140920

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