JAB Consulting received a promissory note of $13,500 at 9% simple interest for 15 months from one of its customers. After 6 months, Grove Isle
JAB Consulting received a promissory note of $13,500 at 9% simple interest for 15 months from one of its customers. After 6 months, Grove Isle Bank discounted the note at a discount rate of 8% Calculate the proceeds {in S] that JAB Consulting will receive from the discounted note. (Round your answer to the nearest cent.)
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