Monday
December 22, 2014

Homework Help: Promissory notes

Posted by Scott on Sunday, March 16, 2008 at 12:29am.

Hafers, an electrical supply company, sold 4800.00 of equipment to Jim Coates Wing, INC Coates signed a promissory note May 12 with 4.5% intrest. The due date was August 10. Short of funds, Hafers contacted Charter One Bank on July 20th the bank agreed to take over the note at a 6.2% discount. What proceeds will Hafers Receive? Please use 360 and not 365

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Hafers, an electrical supply company, sold $3,800 of equipment to Jim ...
Business Math - Hafers, an electrical supply co., sold $4200.00 of equipment to ...
business math - Word Problem 11-17 Hafers, an electrical supply company, sold $3...
Promissory notes - On May 12, Scott Rinse accepted an 8000.00, 12%, 90-day note ...
Business Math - Hafers, an electrical supply company, sold $4,800, 12%, 90-day ...
Business Math - Hafers, an electrical supply company, sold $4,800, 12%, 90-day ...
Accounting - The Suns bought a reconditioned DC 3. They paid 1 million in cash ...
math - Find the maturity value of the undiscounted promissory note that states ...
Promissory notes - Jack signed a 9000.00 note at fleet bank. Fleet chared a 9 1/...
Promissory Notes - On september 5 Sheffield company discounted at Sunshine bank ...

Search
Members