Question: On May 1 2 , Scott Rinse accepted an $ 4 , 5 0 0 , 1 1 % , 9 0 - day note

On May 12, Scott Rinse accepted an $4,500,11%,90-day note for a time extension of a bill for goods bought by Ron Prentice. On June 12, Scott discounted the note at Able Bank at 10%.

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