You sign a note agreeing to pay $1,500 with interest at 11%in 10 months.

You sign a note agreeing to pay $1,500 with interest at 11%in 10 months. Two months after the note is signed, the holder of the note sells it to a third party who determines its value at 12% simple interest for discounting.

A. How much does the note-holder receive for the note?            

B. How much do you owe in 10 months?          

Round answers to the nearest penny. No dollar signs ($), no commas (,).