Question
Trake Inc received a $150,000 bank discount note for 6 months at 5% simple discountAfter 2 months, Trake Incdecided to sell the note to the
Trake Inc received a $150,000 bank discount note for 6 months at 5% simple discountAfter 2 months, Trake Incdecided to sell the note to the bankhow much proceeds did Trake Inc get from the sale of this note?
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
