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An eight-year, 523303 noninterest-bearing promissory note is discounted 6% compounded quarterly and sold to a finance company three years and nine months after issue. What

An eight-year, 523303 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 O a 19348 27 O. 18092 11 Oc 18709.03 O d. 1692196

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