Question: Jane borrows $10,000 and writes a promissory note on July 10, 2011. The due date is December 12, 2011. The value on the maturity date

Jane borrows $10,000 and writes a promissory note on July 10, 2011. The due date is December 12, 2011. The value on the maturity date is $10,472.00. Prior to the maturity date, it is sold to a bank that discounts the note at r =5%. If the bank pays $10,383.81 for the note, on what day was it sold? (A) October 11 (B) October 14 (C) October 17 (D) October 20

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