A $15,000, 6%, 50-day note dated November 8, is discounted at 5% on November 28. The proceeds of the note would be:
A)$14,936.46
B)$15,610.64
C)$63.54
D)$15,061.98
E)None of these

Question

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The Answer of A $15,000, 6%, 50-day note dated November 8, is discounted at 5% on November 28. The proceeds of the note would be:
A)$14,936.46
B)$15,610.64
C)$63.54
D)$15,061.98
E)None of these

A $15,000, 6%, 50-Day Note Dated November 8, Is Discounted