What proceeds does shelly katz receive

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Reference no: EM131921744

Ron Prentice bought goods from Shelly Katz. On June 12, Shelly gave Ron a time extension on his bill by accepting a $3,200, 9%, 175-day note. On Sept. 15, Shelly discounted the note at Roseville Bank at 7%. (Use Days in a year table.)

What proceeds does Shelly Katz receive? (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)

Proceeds received $

Reference no: EM131921744

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