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August 23, 2014

Homework Help: Business Math

Posted by Anonymous on Saturday, November 26, 2011 at 11:56am.

On May 12, Scott Rinse accepted an $8000, 12%, 90-day note for a time extension of a bill for goods bought by Ron Prentioce. On June 12, Scott discounted the note at Able Bank at 10%. What proceeds does Scott receive?

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