Should rahim discount the note

Reference no: EM131064523

Rahim wants to buy new office equipment for RM8, 000 with a 5% cash discount. Rahim needs more cash to pay the bill and is considering discounting a 130-day note dated May 4 with a maturity value of RM7, 000 at Security Bank at a discount rate of 9% on July 8. Should Rahim discount the note?

Reference no: EM131064523

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