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Find the proceeds when the following simple discount note is discounted. Maturity Value: #17,000 Discount Rate: 16% Discount Period Days: 170 Proceeds: ? The proceeds

Find the proceeds when the following simple discount note is discounted.

Maturity Value: #17,000

Discount Rate: 16%

Discount Period Days: 170

Proceeds: ?

The proceeds are $

Round to the nearest cent

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