Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Compute the cash proceeds from the discounted note
Assignment Instructions
Assignment ID: FG132570135
Question – A company received in payment for merchandise sold an interest-bearing note with a face amount of $1,000, an annual interest rate of 16 percent, and a term of six months. The company sold this note to a local bank, at a discount rate of 15 percent, when the note had 60 days remaining to maturity. Compute the cash proceeds from the discounted note amounted (assume 360 days per year)?
A. $1,080
B. $1,053
C. $1,010
D. $975
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