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Promissory notes

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On May 12, Scott Rinse accepted an 8000.00, 12%, 90-day note for a time extension of a bill for goods bought by Ron Prentice. On June 12, Scott discounted the note at Able Bank at 10%. What proceeds will Hafers Receive? Please use 360 and not 365

  • Promissory notes -

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  • Promissory notes -

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