question archive JAB Consulting received a promissory note of $13,500 at 7% simple interest for 15 months from one of its customers
JAB Consulting received a promissory note of $13,500 at 7% simple interest for 15 months from one of its customers
Subject:FinancePrice:2.87 Bought7
JAB Consulting received a promissory note of $13,500 at 7% simple interest for 15 months from one of its customers. After 6 months, Grove Isle Bank discounted the note at a discount rate of 6% Calculate the proceeds (in $) that JAB Consulting will receive from the discounted note. (Round your answer to the nearest cent.)
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