Question

JAB Consulting received a promissory note of $13,500 at 9% simple interest for 15 months from one of its customers. After 6 months, Grove Isle Bank discounted the note at a discount rate of 8% Calculate the proceeds (in $) that JAB Consulting will receive from the discounted note. (Round your answer to the nearest cent.)

Answer 1

Explanation:

from" (and any subsequent words) was ignored because we limit queries to 32 words.