Question: On June 1, 2017, a four-month promissory note for $1850 with interest at 5% was issued. Compute the proceeds of the note on August 28,

On June 1, 2017, a four-month promissory note for $1850 with interest at 5% was issued. Compute the proceeds of the note on August 28, 2017, if money is worth 6.5%.

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