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On May 12, Scott Rinse accepted an $4,000,10%, 90-day note for a time extension of a bill for goods bought by Ron Prentice. On June
On May 12, Scott Rinse accepted an $4,000,10%, 90-day note for a time extension of a bill for goods bought by Ron Prentice. On June 2. Scott discounted the note at Able Bank at 9%. (Use What proceeds does Scott recelve? Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent
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