Question: Please help. Pleaseinclude allsteps so that I can do it on my own for future reference. Ron bought goods from Shelly. On May 8, Shelly

Please help. Pleaseinclude allsteps so that I can do it on my own for future reference. Ron bought goods from Shelly. On May 8, Shelly gave Ron a time extension on his bill by accepting a $3000, 8%, 180-day note. On Aug. 16, Shelly discounted the note at Roseville bank at 9%. What proceeds does Shelly receive? Thank you so much for your help. (assume ordinary interest)

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