Multiple Choice
Solve the problem.
-A holder of a $21,600, 8%, 180-day note dated June 1 decides to sell the note at a discount. The note is sold on July 21 at a discount of 10%. Find the proceeds.
A) $21,646.56
B) $21,421.47
C) $21,815.04
D) $21,652.80
Correct Answer:
Verified
Correct Answer:
Verified
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