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What were the proceeds that hardwork received

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Problem

On December 1, 2008, Hardwork Company received a P10,000, 60-day, 6% note from a customer. On December 31, 2008, the company discounted the note at the bank. The bank's discount rate is 9%. Get the instant assignment help. What were the proceeds that Hardwork received from the discounting of the note?

Reference no: EM133972072

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