Brewed bean will receive from the discounted note

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Reference no: EM131520535

The Brewed Bean received a promissory note of $15,500 at 12% simple interest for 19 months from one of its customers. After 6 months, Grove Isle Bank discounted the note at a discount rate of 14%. Calculate the proceeds that The Brewed Bean will receive from the discounted note.

Reference no: EM131520535

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