Multiple Choice
Jill Corporation accepted a $16,000 note on Aug. 12. Terms of the note were 13% for 100 days. Jill discounted the note on September 28, at the Reno Bank at 14%. The proceeds to Jill would be:
A) $341.69
B) $16,236.09
C) $303.00
D) $16,277.78
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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