Below are several customer notes. 1. An $8,000, 60-day, non-interest-bearing note discounted after 15 days
January 13th, 2018
Below are several customer notes.1. An $8,000, 60-day, non-interest-bearing note discounted after 15 days at 12%.2. A $9,000, 12%, 60-day note discounted after 30 days at 14%.3. A $6,000, 10%, 90-day note discounted after 30 days at 12%.4. A $10,000, 12%, 120-day note discounted after 45 days at 15%.RequiredDetermine the proceeds from each of the preceding discounted customer notes.