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September 17, 2014

Homework Help: business math

Posted by kadija on Saturday, August 18, 2012 at 5:33pm.

Ron Prentice bought goods from Shelly Katz. On May 26, Shelly gave Ron a time extension on his bill by accepting a $3,500, 8.80%, 150-day note. On August 31, Shelly discounted the note at Roseville Bank at 9.80%. (Use Days in a year table.)


What proceeds does Shelly Katz receive? (Use 360 days a year

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