Homework Help: Discount Notes

Posted by Scott on Saturday, March 15, 2008 at 9:48am.

On september 5, sheffield company discounted at Sunshine bank a 9000.00 (Maturity Value), 120-day note dated June 5, Shunshine's discount rate was 9% What proceeds did sheffield company receive

Discount Notes - Ms. Answers, Saturday, March 15, 2008 at 9:56am
We'll be happy to check your answer. What do you think the question is?
- Discount Notes - Scott, Saturday, March 15, 2008 at 9:59am
  well i figured it out here but i dont have the same answere as the back of the book
- Discount Notes - Scott, Saturday, March 15, 2008 at 10:00am
  the back of the book came up with 8937.00 and i came up with 8730.03
  - Discount Notes - Ms. Answers, Saturday, March 15, 2008 at 11:10am
    Your book is right. If you would like me to show you how I found my answer I would gladly to that.

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