Find the discount and proceeds on the simple discount note. Round to the nearest cent.Maturity value: $63,370.00Discount rate: 10.75%Time (days): 40
A. Discount: $746.55
Proceeds: $62,623.45
B. Discount: $0.00
Proceeds: $63,370.00
C. Discount: $6812.27
Proceeds: $56,557.73
D. Discount: $756.92
Proceeds: $62,613.08
Answer: D
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