Question: (1 point) A 74-day note for $150 bears interest at 7.75% and is sold 10 days before maturity to a bank that uses a simple

(1 point) A 74-day note for $150 bears interest at 7.75%

(1 point) A 74-day note for $150 bears interest at 7.75% and is sold 10 days before maturity to a bank that uses a simple interest rate of 10%. What are the proceeds? Answer: $

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