Should rahim discount the


Rahim wants to buy new office equipment for RM8, 000 with a 5% cash discount. Rahim needs more cash to pay the bill and is considering discounting a 130-day note dated May 4 with a maturity value of RM7, 000 at Security Bank at a discount rate of 9% on July 8. Should Rahim discount the note?

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Should rahim discount the
Reference No:- TGS01410347

Expected delivery within 24 Hours