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September 1, 2014

Homework Help: Discount Notes

Posted by Scott on Sunday, March 16, 2008 at 11:55am.

Ron Prentice bought goods from shelly katz. on may 8, shelly gave ron a time extension on his bill by accepting a 3000.00, 8%, 180-day note. on august 16 shelly discounted the note at roseville bank at 9%. What proceeds does shelly katz receive? We are using 360 for the day

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