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Robinson's, an electrical supply company, sold $6,800 of equipment to Jim Coates Wiring, Inc. Coates signed a promissory note May 2 with 4.0% interest. The

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Robinson's, an electrical supply company, sold $6,800 of equipment to Jim Coates Wiring, Inc. Coates signed a promissory note May 2 with 4.0% interest. The due date was August 10. Short of funds, Robinson's contacted Capital One Bank on July 20; the bank agreed o take over the note at a 5.7% discount. (Use Days in a year table) What proceeds will Robinson's receive? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to he nearest cent.) Proceeds received TABLE 7-1 Exact days-in-a-year calendar (excluding leap year 31 Day of month 31 Jan. 28 Feb. 30 Apr. 31 May 30 June Mar. 31 July 31 Aug 30 Sept. 31 Oct. 30 Nov. 31 Dec 1 1 32 60 91 121 152 213 244 182 183 2 122 153 214 245 2 3 33 34 61 62 63 92 93 274 275 276 305 306 307 308 3 123 184 246 4 335 336 337 338 339 340 4 35 94 154 155 156 124 215 216 217 185 247 248 277 278 5 5 64 309 95 96 6 6 218 36 37 38 39 310 186 187 188 65 66 157 158 249 250 279 280 7 97 219 311 341 7 8 125 126 127 128 129 130 67 159 220 312 8 9 189 190 98 99 100 251 252 281 282 40 68 160 221 313 SO 41 10 11 161 162 69 70 71 42 11 12 13 191 192 193 101 102 103 131 132 342 343 344 345 346 12 13 222 223 224 225 226 253 254 255 256 257 314 315 316 163 164 283 284 285 286 287 133 44 45 194 195 317 318 347 348 14 165 15 258 72 73 74 75 76 319 15 16 349 46 47 104 105 106 107 16 17 134 135 136 137 138 139 166 167 168 196 197 198 227 228 229 259 260 288 289 290 320 321 17 48 77 169 18 19 18 19 49 50 10B 109 199 200 230 231 322 323 78 291 292 293 170 350 351 352 353 354 355 356 51 79 110 140 201 20 21 22 20 21 22 80 81 111 112 113 141 142 171 172 173 202 203 232 233 234 261 262 263 264 265 266 267 268 269 270 52 53 54 55 56 23 24 25 82 143 144 23 24 25 26 27 83 174 175 176 204 205 205 294 295 296 297 298 299 84 357 358 359 360 145 115 116 324 325 326 327 328 329 330 331 332 333 334 146 57 58 59 85 86 235 236 237 238 239 240 241 207 20B 117 147 26 27 28 29 30 300 361 28 29 30 301 87 88 89 177 178 179 180 181 118 119 120 148 149 150 209 210 271 272 273 302 362 363 364 365 211 242 303 31 31 90 151 212 243 304 "Chen referred to as a Juan Condo > Robinson's, an electrical supply company, sold $6,800 of equipment to Jim Coates Wiring, Inc. Coates signed a promissory note May 2 with 4.0% interest. The due date was August 10. Short of funds, Robinson's contacted Capital One Bank on July 20; the bank agreed o take over the note at a 5.7% discount. (Use Days in a year table) What proceeds will Robinson's receive? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to he nearest cent.) Proceeds received TABLE 7-1 Exact days-in-a-year calendar (excluding leap year 31 Day of month 31 Jan. 28 Feb. 30 Apr. 31 May 30 June Mar. 31 July 31 Aug 30 Sept. 31 Oct. 30 Nov. 31 Dec 1 1 32 60 91 121 152 213 244 182 183 2 122 153 214 245 2 3 33 34 61 62 63 92 93 274 275 276 305 306 307 308 3 123 184 246 4 335 336 337 338 339 340 4 35 94 154 155 156 124 215 216 217 185 247 248 277 278 5 5 64 309 95 96 6 6 218 36 37 38 39 310 186 187 188 65 66 157 158 249 250 279 280 7 97 219 311 341 7 8 125 126 127 128 129 130 67 159 220 312 8 9 189 190 98 99 100 251 252 281 282 40 68 160 221 313 SO 41 10 11 161 162 69 70 71 42 11 12 13 191 192 193 101 102 103 131 132 342 343 344 345 346 12 13 222 223 224 225 226 253 254 255 256 257 314 315 316 163 164 283 284 285 286 287 133 44 45 194 195 317 318 347 348 14 165 15 258 72 73 74 75 76 319 15 16 349 46 47 104 105 106 107 16 17 134 135 136 137 138 139 166 167 168 196 197 198 227 228 229 259 260 288 289 290 320 321 17 48 77 169 18 19 18 19 49 50 10B 109 199 200 230 231 322 323 78 291 292 293 170 350 351 352 353 354 355 356 51 79 110 140 201 20 21 22 20 21 22 80 81 111 112 113 141 142 171 172 173 202 203 232 233 234 261 262 263 264 265 266 267 268 269 270 52 53 54 55 56 23 24 25 82 143 144 23 24 25 26 27 83 174 175 176 204 205 205 294 295 296 297 298 299 84 357 358 359 360 145 115 116 324 325 326 327 328 329 330 331 332 333 334 146 57 58 59 85 86 235 236 237 238 239 240 241 207 20B 117 147 26 27 28 29 30 300 361 28 29 30 301 87 88 89 177 178 179 180 181 118 119 120 148 149 150 209 210 271 272 273 302 362 363 364 365 211 242 303 31 31 90 151 212 243 304 "Chen referred to as a Juan Condo >

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