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OpenStudy (anonymous):
To build a new warehouse, ALDI International signed a $300,000 simple interest note at 9% for 150 days with National Bank on November 20 (use a 360-day year). On February 6, National Bank sold all of its notes to Bank One. Find the proceeds to National Bank given a discount rate of 10.5%. A. $310,316.25 B. $304,713.75 C. $311,250 D. $$6,536.25
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