Ron Prentice bought goods from Shelly Katz On Sept 12 Shelly gave Ron a time extension on his bill by accepting a 2 700 8 19 day

Question

Ron Prentice bought goods from Shelly Katz On Sept 12 Shelly gave Ron a time extension on his bill by accepting a 2 700 8 19 day note On Dec 16 Shelly discounted the note at Roseville Bank at 8 Use Days in a year table What proceeds does Shelly Katz receive Note Use 360 days a year Do not round intermediate calculations Round your answer to the nearest cent Proceeds received

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