Question: Suppose that you decide to discount a $ 2 2 5 , 0 0 0 note you are holding by selling it to a buyer

Suppose that you decide to discount a $225,000 note you are holding by selling it to a buyer on May 15, which would be 5 months before it is due. If the discount rate is 17.5%, what will the proceeds of the sale be?(3 marks)
Suppose that you decide to discount a $225,000 note you are

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