Homework Help: Accounting Math

Posted by Peaches on Saturday, July 11, 2009 at 5:54pm.

This is not homework i already got it wrong without an explanation.
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:

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