Bart's Construction, Inc received a promissory note of $12,500 at 7% simple interest for 14 months from one of its customers. After 4 months, Fairlenders, Incdiscounted the note at a discount rate of 9%. Calculate the proceeds that Bart's will receive from the discounted note. (Round to the nearest cent)

A) $12,462.50
B) $12,506.77
C) $13,520.83
D) $12,303.96

B

Business

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