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Business, 26.06.2020 16:01 handog12

Solve accepted a 60-day, 9 percent note from Pete Houghton in settlement of his past-due account for $6,000. On April 9, Westwood Company discounted the note at the First National Bank. The bank charged a discount rate of 12 percent. What is the amount of the proceeds

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Solve accepted a 60-day, 9 percent note from Pete Houghton in settlement of his past-due account for...

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