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Business, 30.12.2019 23:31 llolo8

Faust, incorporated accepted a $10,000, 120-day note dated march 3 at 8 1/2% to settle a past-due
account receivable. faust, incorporated discounted the note to raise cash on may 10 at a discounted rate of 9%. what proceeds did faust, incorporated receive? use ordinary interest

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Faust, incorporated accepted a $10,000, 120-day note dated march 3 at 8 1/2% to settle a past-due
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