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Ron Prentice bought goods from Shelly Katz. On Feb. 26 , Shelly gave Ron a time extension on his bill by accepting a $4,400,6%,165 day
Ron Prentice bought goods from Shelly Katz. On Feb. 26 , Shelly gave Ron a time extension on his bill by accepting a $4,400,6%,165 day note. On May 10, Shelly discounted the note at Roseville Bank at 10\%. (Use Days in a year table.) What proceeds does Shelly Katz receive? Note: Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent. Answer is complete but not entirely correct. Fxact davs-in-a-vear calendar (excludino lean vear)*
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