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An eight-year, $26892 noninterest-bearing promissory note is discounted 6% compounded quarterly and sold to a finance company three years and nine months after issue.

An eight-year, $26892 noninterest-bearing promissory note is discounted 6% compounded quarterly and sold to a finance company three years and nine months after issue. What are the proceeds of the sale? Select one: Oa 20878.55 Ob 19528.19 Oc. 21590.49 O d. 22328 19 Check

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