Question: A debtor owes $ 4 , 6 7 5 on August 2 4 th . The note holder sells the note to a third part

A debtor owes $4,675 on August 24th. The note holder sells the note to a third part on May 17th who uses 11% Simple Interest to discount it.
A. What does the Original Debtor owe on August 24th?
B. What does the Third Party pay for the note on May 17th?

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