Question: A note for 99,000 dated August 12, 2002, is due on October 20, 2002 with simple interest at 9%. If the note is discounted on

A note for 99,000 dated August 12, 2002, is due on October 20, 2002 with simple interest at 9%. If the note is discounted on August 20, 2002 at 13%, how much should the proceeds be

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