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Peter buys an item from Sue and signs a note to pay $405 in 10 months. Then, 2 months before the note comes due, Sue

Peter buys an item from Sue and signs a note to pay $405 in 10 months. Then, 2 months before the note comes due, Sue sells the note to a bank which discounts the note based on 12.5% simple interest. How much did the bank pay Sue for the note?

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