Solve the Problem. -On June 7, Donaldson's Trucking Accepts a $3,200 Note in $3,200

Multiple Choice

Solve the problem.
-On June 7, Donaldson's Trucking accepts a $3,200 note in settlement of a bill. The note is for 180 days at 8% interest. Donaldson sells the note at a 10% discount rate on July 29. Find the proceeds.

A) $3,208.75
B) $3,209.67
C) $3,233.34
D) $3,174.01