Mathematics, 22.04.2021 14:00 mrme41

Rex Corporation accepted a $8,000, 6%, 120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 7%. (Use Days in a year table.) a. What is the note’s maturity value? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.)

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Rex Corporation accepted a $8,000, 6%, 120-day note dated August 8 from Regis Company in settlement...