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A 60-day, 4% discounted note for $14,400 is received from a customer on account on May 1. What are the proceeds from the note on

A 60-day, 4% discounted note for $14,400 is received from a customer on account on May 1. What are the proceeds from the note on May 1?

Select the correct answer.

A. 96

B. 14304

C. 14496

D. 14400

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