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Mobile Co. issued a $51,941, 60-day, discounted note to Guarantee Bank. The discount rate is...

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Accounting

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Mobile Co. issued a $51,941, 60-day, discounted note to Guarantee Bank. The discount rate is 8%. At maturity, assuming a 360-day year, the borrower will pay: Select the correct answer. $51,248 $51,941 $52,634 $47,786

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