Question: (1 point) A 116-day note for $80 bears simple interest at 4.75% and is sold 26 days before maturity to a bank that uses a

(1 point) A 116-day note for $80 bears simple interest at

(1 point) A 116-day note for $80 bears simple interest at 4.75% and is sold 26 days before maturity to a bank that uses a simple discount rate of 8%. What are the proceeds? Answer: $ Note: Round any dollar values to the closest cent at intermediate steps

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