SOLUTION: WEX Company accepted a Php 420,700 in 9.6% , 150-day note dated. August 1 from QUAS Corporation in settlement of a past bill. On November 6, WEX discounted the note at Rural bank a
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Question 1166961: WEX Company accepted a Php 420,700 in 9.6% , 150-day note dated. August 1 from QUAS Corporation in settlement of a past bill. On November 6, WEX discounted the note at Rural bank at 11.5%
a. How much is the value of the note
b. How much is the banks carning?
c. How much does WEX company received after discounting the note? Answer by ikleyn(52751) (Show Source):
