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Ron Prentice bought goods from Shelly Katz. On March 7, Shelly gave Ron a time extension on his bill by accepting a $3,000,8%, 165- day
Ron Prentice bought goods from Shelly Katz. On March 7, Shelly gave Ron a time extension on his bill by accepting a $3,000,8%, 165- day note. On June 5, Shelly discounted the note at Roseville Bank at 7%. (Use Days In a year table.) What proceeds does Shelly Katz receive? (Use 360 days a year. Do not round Intermediate calculations. Round your answer to the nearest cent.) Proceeds received
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