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August 1, 2014

Homework Help: Promissory notes

Posted by Scott on Sunday, March 16, 2008 at 12:25am.

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

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