The September 2003 issue of money stated that intrest rate have climbed to 5.99%. Nancy Martin, owner of Martins textile Manufacturing, supplied Dolan Limited with clothing worth 7353.00. The terms of sale were 180 days and 5.4% intrest. Dolan Limited took possession of the order on March 3 2004. On April 15 2004, Nancy discovered she has a cash-flow problem; a bank agrees to discount the note at 5.99%. A) what is the bank discount amount? B) what amount would Nancy receive? Round to the nearest cent and use 360 days and not 365

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