Discount Notes
posted by Scott .
On september 5, sheffield company discounted at Sunshine bank a 9000.00 (Maturity Value), 120day note dated June 5, Shunshine's discount rate was 9% What proceeds did sheffield company receive

We'll be happy to check your answer. What do you think the question is?

well i figured it out here but i don't have the same answere as the back of the book

the back of the book came up with 8937.00 and i came up with 8730.03

Your book is right. If you would like me to show you how I found my answer I would gladly to that.
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