Homework Help: Finance Math

Posted by Sparkle on Thursday, July 9, 2009 at 4:39pm.

On June 30, 2007, Simon Company discounted a customer’s $180,000, 6-month, and 10 percent note receivable dated April 30, 2007. A discount rate of 12 percent was charged by the bank. Simon’s proceeds from this discounted note would be:
Please tell me how do i calculate this problem.

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