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Bob signs a note promising to pay Marie $3375 in 3 years at 11% compounded monthly. Then, 51 days before the note is due, Marie

Bob signs a note promising to pay Marie $3375 in 3 years at 11% compounded monthly. Then, 51 days before the note is due, Marie sells the note to a bank which discounts the note based on a bank discount rate of 19.5%. How much did the bank pay Marie for the note?

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