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To build a new warehouse, Whole Foods International signed a $ 3 0 0 , 0 0 0 simple interest note at 9 % for

To build a new warehouse, Whole Foods International signed a $300,000 simple interest note at 9% for 150 days with National Bank on November 20. On February 6, National Bank sold all of its notes to Bank One. Find the proceeds to National Bank given a discount rate of 10.5%. Assume a 360-day year. (Be sure your calculator date worksheet is set to a 360-day year.)

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