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October 2, 2014

Homework Help: Business Math

Posted by Nina on Tuesday, April 26, 2011 at 2:47pm.

Ron Prentice bought goods from Shelly Katz. On May 20, Shelly gave Ron a time extension on his bill by accepting a $5,000, 7.00%, 150-day note. On August 26, Shelly discounted the note at Roseville Bank at 8.00%.
What proceeds does Shelly Katz receive?

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