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Roni Lockard signed a $ 2 2 , 5 0 0 simple discount promissory note at the Pacific National Bank. The discount rate was 1

Roni Lockard signed a $22,500 simple discount promissory note at the Pacific National Bank. The discount rate was 11%, and the note was made on February 17(not in a leap-year) for 107 days. What proceeds will Roni receive on the note? What is the maturity date of the note?

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