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OpenStudy (anonymous):
Jill Corporation accepted a $16,000 note on Aug. 12. Terms of the note were 13 percent of 100 days. Jill discounted the note on September 28 at the Reno Bank at 14 percent. The proceeds to Jill would be
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OpenStudy (anonymous):
Wouldn't that be 13% of the 14%?
OpenStudy (anonymous):
Not enough info, I'm afraid...What are the terms?
OpenStudy (anonymous):
I really don't know. That is all my work sheet gave me besides the answers you can chose from which are a. $341.69 b. $16,236.09 c. $303.00 d. $16,277.78
OpenStudy (anonymous):
hmm
OpenStudy (anonymous):
I don't understand... sawry :(
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OpenStudy (anonymous):
Its alright thanks for trying to help me out =]
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