Solve the problem.On June 4, Donaldson's Trucking accepts a $3100 note in settlement of a bill. The note is for 120 days at 10% interest. Donaldson sells the note at a 12% discount rate on July 17. Find the proceeds.

A. $3085.04
B. $3120.05
C. $3134.82
D. $3121.11


Answer: D

Mathematics

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