Jane Borrows $10,000 and Writes a Promissory Note on July

Multiple Choice

Jane borrows $10,000 and writes a promissory note on July 10,2011.The due date is December 12,2011.The value on the maturity date is $10,472.00.Prior to the maturity date,it is sold to a bank that discounts the note at r = 5%.If the bank pays $10,383.81 for the note,on what day was it sold?

A) October 11
B) October 14
C) October 17
D) October 20