On July 18, Aui Lester accepted a $15,000, 7%, 180-day note from Ryan O'Flynn. On October 5, Aui discounted the note at Brome Bank at 8%. What proceeds did Aui receive? Use ordinary interest.
$3 / 4$ $1 / 4$

Question

On July 18, Aui Lester accepted a $15,000, 7%, 180-day note from Ryan O'Flynn. On October 5, Aui discounted the note at Brome Bank at 8%. What proceeds did Aui receive? Use ordinary interest.
 $3 / 4$ $1 / 4$

Quizplus · Accepted Answer

The Answer of On July 18, Aui Lester accepted a $15,000, 7%, 180-day note from Ryan O'Flynn. On October 5, Aui discounted the note at Brome Bank at 8%. What proceeds did Aui receive? Use ordinary interest.
 $3 / 4$ $1 / 4$

On July 18, Aui Lester Accepted a $15,000, 7%, 180-Day 3/43 / 43/4

On July 18, Aui Lester Accepted a $15,000, 7%, 180-Day $3 / 4$