Hermes Inc. received on January 1, 2017, a $22,800 4-year zero-interest bearing note for lending $16,400 to

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Hermes Inc. received on January 1, 2017, a $22,800 4-year zero-interest bearing note for lending $16,400 to Phoenix Co. Hermes financial year ends December 31. Round to the nearest whole number. The discount rate on the note is: 2. Rudder Inc. accepts on April 1, 20x8 a 120-day 12% note for $8,000 worth of accounts receivable past due. Calculate the amount of cash Rudder should collect on the note at maturity. Round to the nearest whole number. Answer: 3. On September 3, 2018, Axe Co. received a