Ireland Corporation obtained a $48,000 note receivable from a customer on June 30, 2021. The note, along with interest at 5%, is due on June 30, 2022. On September 30, 2021, Ireland discounted the note at Cloverdale bank. The bank's discount rate is 9%. What amount of cash did Ireland receive from Cloverdale Bank?

Multiple Choice $48,600. $46,998. $44,598. $43,680.

Answer rating: 100% (QA)

The correct answer is B 46998 Explanation On June 30 2021 Ireland Corporati... View the full answer