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  • 19-09-2022
  • Business
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On Dec. 8, Sheffield Company discounted at Sunshine Bank a $7,500 (maturity value), 136-day note dated Sept. 2. Sunshine's discount
rate was 8%. (Use Days in a year table.)
What proceeds did Sheffield Company receive? (Use 360 days a year. Do not round intermediate calculations.)
Proceeds received

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