Question: 3406.156 is wrong (1 point) A 120-day note for $3400 bears simple interest at 5.75% and is sold 80 days before maturity to a bank

3406.156 is wrong

(1 point) A 120-day note for $3400 bears simple interest at 5.75% and is sold 80 days before maturity to a bank that uses a simple discount rate of 8%. What are the proceeds? Answer: $ 3406.156

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