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Then 5 months before maturity sue sellsthe note to b

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Marilyn borrows $600 from Sue on February 14, 2010 for 11 months at11.5% simple interest. Then, 5 months before maturity, Sue sellsthe note to B. Harmless who discounts it based on a bank discountrate of 14.25%.

a. How much did B. Harmless pay Sue for the note?

Reference no: EM13573597

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