50 . On July 5 , 2013 , the Cowens Company accepted a 90 - day , 10 percent note from Rhonda Ballard in settlement of her past - due account for $5 000 . On Aug . 4 , the Cowens Company discounted the note at the Investment Capital Bank . The bank charged a discount rate of 6 percent . What is the amount of the proceeds ? Incorrect C A) $5, 000.00 B ) $5 , 176 25 C C ) $5 073 .75 D ) 5 , 125.00