Question
Ron Prentice bought goods from Shelly Katz. On July 13, Shelly gave Ron a time extension on his bill by accepting a $3,600, 8%, 155-day
Ron Prentice bought goods from Shelly Katz. On July 13, Shelly gave Ron a time extension on his bill by accepting a $3,600, 8%, 155-day note. On Oct. 14, Shelly discounted the note at Roseville Bank at 10%. What proceeds does Shelly Katz receive?
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
