On november 1 marjoriersquos clothing store accepted a 5200, Ask an Expert

Finance

On November 1, Marjorie’s Clothing Store accepted a $5,200, 81%, 90-day note from Mary Rose in granting her a time extension on her On January 13, Marjorie discounted the note at Seawater Bank, which charged a 10% discount rate. What were the proceeds that Majorie received?

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Financial Management, Finance

Category:- Financial Management
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