76.A 60-day, 12% note received from a customer for $50,000, dated May 15, is endorsed to the bank on May 25, and the bank discounts the note at 15%. If the note is dishonored by the maker and the bank charges a $20 protest fee, what is the amount payable to the bank on July 14?

 

Answer rating: 100% (QA)

To calculate the amount payable to the bank on July 14 we need to ... View the full answer