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Business, 09.12.2021 03:10 zoeybuch5

On July 1, Lee Co. sold goods in exchange for a $200,000, 8-month, noninterest-bearing note receivable. At the time of the sale, the note's market rate of interest was 12%. What amount did Lee receive when it discounted the note at 10% on September 1?

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On July 1, Lee Co. sold goods in exchange for a $200,000, 8-month, noninterest-bearing note receivab...
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