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A business that accepts credit cards pays the bank a discount rate of 2.8% on credit-card sales each month. Calculate the amount the business will owe the bank on last month's credit-card sales of $156,500.

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A business that accepts credit cards pays the bank a discount rate of 2.8% on credit-card sales each month. Calculate the amount the business will owe the bank on last month's credit-card sales of $156,500.






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