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rolpace88 rolpace88
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8 years ago
Tech Support Associates accepts a $5480, 8%, 210-day note for service equipment. The note is dated Sep 5. On Oct 21 the firm discounts the note at a bank, at a 10% discount rate. Find the proceeds.
A) $5474.44
B) $5420.97
C) $5472.85
D) $5526.70
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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#1
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8 years ago
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rolpace88 Author
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#2
8 years ago
Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.
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#3
8 years ago
You're welcome. All I ask in return is a thumbs up!
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