There are some excellent free personal finance apps available: Mint.com, GoodBudget, Mvelopes, BillGuard, PocketExpense, HomeBudget, and Expensify. After using Mint.com, you realize you need to pay off one of your high interes loans to reduce your interest expense. You decide to discount a $5,600, 345-day note at 2% to your bank at a discount rate of 5.0% on day 220. What are your proceeds? (Round your final answer to the nearest whole number.) Proceeds

There are some excellent free personal finance apps available: Mint.com, GoodBudget, Mvelopes, BillGuard, PocketExpense, HomeBudget, and Expensify. After using Mint.com, you realize you need to pay off one of your high interes loans to reduce your interest expense. You decide to discount a $5,600, 345-day note at 2% to your bank at a discount rate of 5.0% on day 220. What are your proceeds? (Round your final answer to the nearest whole number.) Proceeds

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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