Find the discount and proceeds on the simple discount note.Face value: $5,000.00Discount rate: 11%Time (days): 60
A. Discount: $90.41
Proceeds: $4,909.59
B. Discount: $0.00
Proceeds: $5,000.00
C. Discount: $91.67
Proceeds: $4,908.33
D. Discount: $550.00
Proceeds: $4,450.00
Answer: C
Mathematics
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