Question
Cullman National Bank was the payee of a $20,000 note dated Jun 3. The note was made for 90 days and was discounted at 16%.
Cullman National Bank was the payee of a $20,000 note dated Jun 3. The note was made for 90 days and was discounted at 16%. On August 2, the note was rediscounted at Decatur Bank at 15%. How much had Cullman received when it rediscounted the note?
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Project Management Book Of Templates
Authors: Navaid Ur Rehman
1st Edition
9798719847344
