Question

on march 12 bill jones accepted a a $12,000 note in granting a time extension of bill for goods purchased by ron prentice . terms of the note were 13 percent for 90 days . on april 24, bill could no longer wait for the money and discounted the note at able bank at discount rate of 14 percent . the proceeds to bill is ??

Answer 1

10320?

Answer 2

i have options :
1- $12,047,90
2- $12,163,54
3- $12,390,00
4- $12,048,90
so which one ???? please it's test

Answer 3

12163.54