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To meet its short-term cash needs, Noor company factors $3,000 of its' 10% two-year-notes receivable...

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To meet its short-term cash needs, Noor company factors $3,000 of its' 10% two-year-notes receivable with Moto Finance. The Moto Finance assesses the quality of notes receivable and charges a fee of $150. It also retains an amount equal to 15% of the notes receivable for probable adjustments against discounts, returns and allowances, etc. What is the amount that Noor would receive from Moto Finance? *

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