Multiple Choice
Webster Digital received a promissory note of $8,000 for 9 months at 7% simple interest from one of its customers. After 4 months, the note was discounted at Bank of Aventura at a discount rate of 10%. What are the proceeds Webster Digital will receive from the discounted note? (Round to the nearest cent)
A) $10,587.99
B) $8,069.17
C) $12,110.00
D) $9,000.00
Correct Answer:
Verified
Correct Answer:
Verified
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