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Ireland Corporation obtained a $44,000 note receivable from a customer on June 30, 2016. The note, along with interest at 6%, is due on June

Ireland Corporation obtained a $44,000 note receivable from a customer on June 30, 2016. The note, along with interest at 6%, is due on June 30, 2017. On September 30, 2016, Ireland discounted the note at Cloverdale bank. The bank's discount rate is 10%. What amount of cash did Ireland receive from Cloverdale Bank?

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