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xiaoyu000 xiaoyu000
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5 months ago

On March 12, Shante accepted a $12,000 note in granting a time extension of a bill for goods purchased by Juan. Terms of the note were 13% for 90 days. On April 24, Shante could no longer wait for the money and discounted the note at Able Bank at a discount rate of 14%. The proceeds to Shante are:



▸

$12,047.90



▸

$12,163.54



▸

$12,390.00



▸

$12,048.90



▸

None of these

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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naderaidenaderaide
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5 months ago
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