Illustrate what proceeds hafers will receive

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Reference no: EM1385298

Q. Hafers, an electrical supply corporation, sold 4800.00 of equipment to Jim Coates Wing, INC Coates signed a promissory note May 12 with 4.5% interest. The due date was August 10. Short of funds, Hafers contacted Charter One Bank on July 20th the bank agreed to take over the note at 6.2% discount. Illustrate what proceeds Hafers will receive

Reference no: EM1385298

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