Giabear23
Giabear23
05.06.2020 • 
Mathematics

On March 4 Jay Miller accepted a $5,000 note in granting a time extension of a bill for goods purchased by Russ Sullivan. Terms of the note were 9% for 150 days. On June 8 Jay could no longer wait for the money and discounted the note at Ranger Bank at a discount rate of 9 1/2%. Calculate Jay Miller’s proceeds.

Solved
Show answers

Ask an AI advisor a question