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What proceeds does Shelly Katz receive

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Question - Ron Prentice bought goods from Shelly Katz. On Feb. 20, Shelly gave Ron a time extension on his bill by accepting a $2,736, 10%, 175-day note. On May 20, Shelly discounted the note at Roseville Bank at 8%. (Use Days in a year table.) What proceeds does Shelly Katz receive?

Reference no: EM132539040

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