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Elun Mosk wants to discount a $12,850, 225-day note at 6% at his bank at a discount rate of 4% on day 200. What are
Elun Mosk wants to discount a $12,850, 225-day note at 6% at his bank at a discount rate of 4% on day 200. What are his proceeds?
Note: Round intermediate calculations and final answer to the nearest cent. Assume 360 days in a year.
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