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need solution steps for b and c and please provide steps 12. Monique has a note for $1500 dated June 8, 2006. The note is

need solution steps for b and c and please provide steps image text in transcribed
12. Monique has a note for $1500 dated June 8, 2006. The note is due in 120 days with interest at 6.5% *) If Monique discounts the note on August 2006, at a bank charging an interest rate of 8.5%, what will the proceeds bet * b) What cate of interest will Monique realice on her investment? * What rate of interest will the bank realize if the note is paid off in full in exactly 10 days? 500 I proceeds a) Ju 8-Ocbler 2005 - 5- 0.00 S: $1552.85 Oct 8=28) Aug 1=213 I S-1902-85 0.085 R 1522.85 (1+ (0.085) Sony IP-$150.62 68 dogs

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