Question: (1 point) A 150-day note for $2900 bears Interest at 15% and is sold 120 days before maturity to a bank that uses a simple

(1 point) A 150-day note for $2900 bears Interest at 15% and is sold 120 days before maturity to a bank that uses a simple interest rate of 16%. What are the proceeds? Answer: $ 135.85

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