Question
A Tier 3 supplier of raw materials accepts a $3,500,000 promissory note from an automotive manufacturer (OEM) for 9 months at 6%. After 6 months,
A Tier 3 supplier of raw materials accepts a $3,500,000 promissory note from an automotive manufacturer (OEM) for 9 months at 6%. After 6 months, the automotive supplier discounts the notes. If the discount rate is 7.5%, what are the proceeds of the discounted note? Proceeds:$ ?
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Real Estate Post Pandemic And Digital Real Estate
Authors: Fred Nickerson
1st Edition
979-8834591344
