Premier, an electrical supply company, sold $6,400 of equipment to center wiring, inc. premier signed a promissory note may 12 with 3.6% interest.
The due date was august 10. short of funds, premier contacted charter one bank on july 20; the bank agreed to take over the note at a 5.3% discount.
What proceeds will premier receive? (use 360 days a year. do not round intermediate calculations. round your final answer to the nearest cent.)
