posted by Scott on .
Rex corporation accepted a 5000.00, 8%, 120-day dated August 8 from Regis company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 9%. What are the notes Maturity value, Discount Period, and bank discount? What proceeds does Rex receive? Please use 360 and not 365
You will find here at Jiskha that long series of questions, posted with no evidence of effort or thought by the person posting, will not be answered. We will gladly respond to your future questions in which your thoughts are included.