Robinson s , an electrical supply company, sold $ 3 , 6 0 0 of equipment to

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Question:

Robinsons

,

an electrical supply company, sold $

3, 600

of equipment to Jim Coates Wiring, Incorporated Coates signed a promissory note May

12

with

3.6 %

interest. The due date was August

10 .

Short of funds, Robinsons contacted Capital One Bank on July

20

; the bank agreed to take over the note at a

5.3 %

discount.

What proceeds will Robinsons receive?

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: Apr 15, 2024 02:24 AM

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Robinson s , an electrical supply company, sold $ 3 , 6 0 0 of equipment to

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Contemporary Business Mathematics with Canadian Applications

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