Question: Jack Steele needs $14,500 to computerize his inventory. Find the face value of a simple interest note that will provide the $14,500 in proceeds if

Jack Steele needs $14,500 to computerize his inventory. Find the face value of a simple interest note that will provide the $14,500 in proceeds if he plans to repay the note in 150 days and the bank charges an 11% discount rate.

A- $15,196.51

B- $15,164.58

C- $15,186.51

D- $15,155.48

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