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Hernandez Engineering received a promissory note of $ 1 5 , 5 0 0 at 1 1 % simple interest for 1 5 months from
Hernandez Engineering received a promissory note of $ at simple interest for months from one of its customers. After months, Union Bank discounted the note at a discount rate of Calculate the proceeds that Hernandez Engineering will receive from the discounted note.
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