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Social Science Clinic => Business => Topic started by: tuffie on Feb 26, 2020

Title: Tech Support Associates accepts a $8010, 8%, 120-day note for service equipment. The note is dated ...
Post by: tuffie on Feb 26, 2020

Tech Support Associates accepts a $8010, 8%, 120-day note for service equipment. The note is dated Sep 9 and is based on ordinary interest. On Oct 21 the firm discounts the note at a bank, at a 10% discount rate using the banker's rule. Find the proceeds.
◦ $7972.28
◦ $8043.14
◦ $8045.42
◦ $8081.06

Title: Tech Support Associates accepts a $8010, 8%, 120-day note for service equipment. The note is dated ...
Post by: fur on Feb 26, 2020

$8045.42

Title: Re: Tech Support Associates accepts a $8010, 8%, 120-day note for service equipment. The note is dat
Post by: Raeann Ehrhardt on Sep 22, 2022

thank you