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Other Fields Homework Help Accounting Topic started by: Kwami on Dec 13, 2016



Title: CBD, Inc. borrowed $15,000 by signing a 7%, 3-month note, principal and interest due at maturity. ...
Post by: Kwami on Dec 13, 2016
CBD, Inc. borrowed $15,000 by signing a 7%, 3-month note, principal and interest due at maturity. How much interest is owed at maturity?
A) $1,200.00
B) $   258.90
C) $     87.50
D) $   262.50


Title: Re: CBD, Inc. borrowed $15,000 by signing a 7%, 3-month note, principal and interest due at ...
Post by: suryoyo on Dec 13, 2016
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Title: Re: CBD, Inc. borrowed $15,000 by signing a 7%, 3-month note, principal and interest due at maturity. ...
Post by: Kwami on Jan 29, 2017
Aha, makes more sense now.


Title: Re: CBD, Inc. borrowed $15,000 by signing a 7%, 3-month note, principal and interest due at maturity. ...
Post by: suryoyo on Feb 14, 2017
Excellent, happy for you :D