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Bob signs a note promising to pay Marie $ 1 6 2 5 in 3 years at 9 . 5 % compounded monthly. Then, 1

Bob signs a note promising to pay Marie $1625 in 3 years at 9.5% compounded monthly. Then, 100 days before the note is due, Marie sells the note to a bank which discounts the note based on
a bank discount rate of 18.5%. How much did the bank pay Marie for the note?
$
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