On May 7, Ralph Blue accepted a $5,000 note from wingspan Shea. Terms of the note were 7 percent for 180 days. On Aug. 19, Ralph could no longer wait for the money and discounted the note at Tover Bank at a discount rate of 8 percent. Calculate Ralph's proceeds. Use ordinary interest.
On May 7, Ralph Blue accepted a $5,000 note from wingspan Shea. Terms of the note were 7 percent for 180 days. On Aug. 19, Ralph could no longer wait for the money and discounted the note at Tover Bank at a discount rate of 8 percent. Calculate Ralph's proceeds. Use ordinary interest.
@Mathematics

Question

On May 7, Ralph Blue accepted a $5,000 note from wingspan Shea. Terms of the note were 7 percent for 180 days. On Aug. 19, Ralph could no longer wait for the money and discounted the note at Tover Bank at a discount rate of 8 percent. Calculate Ralph's proceeds. Use ordinary interest.
  On May 7, Ralph Blue accepted a $5,000 note from wingspan Shea. Terms of the note were 7 percent for 180 days. On Aug. 19, Ralph could no longer wait for the money and discounted the note at Tover Bank at a discount rate of 8 percent. Calculate Ralph's proceeds. Use ordinary interest.
  @Mathematics