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On June1, 2017 2017 , afour-month promissory note for$1850 with interest at5% was issued. Compute the proceeds of the note on August28, 2017 2017 ,

On June1, 2017

2017, afour-month promissory note for$1850 with interest at5% was issued. Compute the proceeds of the note on August28, 2017

2017, if money is worth6.5%. Ignore any grace period.

The proceeds are $

.

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