On June 1, Donaldson's Trucking accepts a $3000 note in settlement of a bill. The note is for 180 days at 10% interest. Donaldson sells the note at a 11% discount rate on July 22. Find the proceeds.
A) $3037.12
B) $3024.88
C) $2985.01
D) $3025.84

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The Answer of On June 1, Donaldson's Trucking accepts a $3000 note in settlement of a bill. The note is for 180 days at 10% interest. Donaldson sells the note at a 11% discount rate on July 22. Find the proceeds.
A) $3037.12
B) $3024.88
C) $2985.01
D) $3025.84

On June 1, Donaldson's Trucking Accepts a $3000 Note in Settlement