Selection

C. $450 d. $9,550 6.A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on May 21 at 15%, the proceeds are a. $170 b. $9,830 c. $10,000 d. $10,030 7.A 60-day, 12% note received from a customer for SSO,000, dated May 15, is endorsed to the bank on May 25 and the bank discounts the note at 15%. If the maker dishonors the note and the bank charges a S20 protest fee, what is the amount payable to the bank on July 14? a. $51,000 b. )$51,020 c. $56,020 d. $50,000