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    Practical Business Math Procedures Study Set 1
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    Exam 11: Promissory Notes, Simple Discount Notes, and the Discount Process
  5. Question
    Mover Co Discounted a $2,000, 60-Day Note Dated June 4 at at Gloria
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Mover Co Discounted a $2,000, 60-Day Note Dated June 4 at at Gloria

Question 18

Question 18

Essay

Mover Co. discounted a $2,000, 60-day note dated June 4 at Gloria Bank on June 20, at a discount rate of 9%. Use ordinary interest. How much did Mover Co. receive?

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