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Mathematics, 05.05.2020 01:37 Qpaoswp5914

A building contractor gives a $14,500 promissory note to a plumber who has loaned him $14,500. The note is due in 9 months with interest at 9%. Six months after the note is signed, the plumber sells it to a bank. If the bank gets a 10% return on its investment, how much will the plumber receive? Will it be enough to pay a bill for $15,400?

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A building contractor gives a $14,500 promissory note to a plumber who has loaned him $14,500. The n...
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