Homework answers / question archive / Trake Inc received a $150,000 bank discount note for 6 months at 5% simple discount After 2 months, Trake Inc decided to sell the note to the bank how much proceeds did Trake Inc get from the sale of this note?

Trake Inc received a $150,000 bank discount note for 6 months at 5% simple discount After 2 months, Trake Inc decided to sell the note to the bank how much proceeds did Trake Inc get from the sale of this note?

Finance

Share With

Trake Inc received a $150,000 bank discount note for 6 months at 5% simple discount After 2 months, Trake Inc decided to sell the note to the bank how much proceeds did Trake Inc get from the sale of this note?