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Nathan purchased an interest-bearing promissory note for $11,000.00 at 3.00% p.a., due in 60 days. If he sold the note in 24 days by discounting

Nathan purchased an interest-bearing promissory note for $11,000.00 at 3.00% p.a., due in 60 days. If he sold the note in 24 days by discounting it at 4.00% p.a., calculate the proceeds of the note.

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