Time extension of bill for goods, Mathematics

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Time extension of bill for goods

On May 12, Scott Rinse accepted $8,000, 12%, 90-day note for time extension of bill for goods bought by Ron Prentice. On June 12, Scott discounted the note at Able Bank at 10%. What proceeds does Scott receive?

Select one:

a. $8,135.04

b. $8,240

c. $8,104.96

d. $7864.96

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Mathematics: Time extension of bill for goods

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Mathematics: Time extension of bill for goods

Reference No:- TGS0873360

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Recent Questions Asked Mathematics

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: Time extension of bill for goods

Reference No:- TGS0873360

Recent Questions Asked Mathematics

Q : Projected to increase at the rate

Q : Understanding depreciation is important

Q : Executives of two other corporations

Q : Week treasury bill

Q : Time extension of bill for goods

Q : Electrical supply company

Q : Find a monic irreducible polynomial

Q : Ideal bureaucracies

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