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What the amount of cash received by Tallent from the bank

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Problem - Tallent Company received a $30,000, 6-month, 10% interest-bearing note from a customer. After holding the note for 2 months, Tallent was in need of cash and sold the note at the United National Bank at a 12% discount rate. What the amount of cash received by Tallent from the bank?

Reference no: EM132882001

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