Determine what proceeds does shelly katz receive

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Ron Prentice bought goods from Shelly Katz. On May 20, Shelly gave Ron a time extension on his bill by accepting a $3,500, 7.80%, 180-day note. On August 26, Shelly discounted the note at Roseville Bank at 8.80%.

What proceeds does Shelly Katz receive?

Reference no: EM13332843

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