Anderson Co issued a $50,000, 60-day, discounted note to National Bank. The discount rate is 6%. At maturity,assuming a 360-day year, the borrower will pay
a. $53,000
b. $50,500
c. $50,000
d. $49,500
c
Business
a. $53,000
b. $50,500
c. $50,000
d. $49,500
c