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

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The Answer of 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

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