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A 60-day, 11% discounted note for $22,800 is received from a customer on account on May 1. What are the proceeds from the note on

A 60-day, 11% discounted note for $22,800 is received from a customer on account on May 1. What are the proceeds from the note on May 1?

Select the correct answer.

$418

$23,218

$22,800

$22,382

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