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Home Q & A Board Other Fields Homework Help Business Accounting
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Kwami Kwami
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7 years ago
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
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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suryoyosuryoyo
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7 years ago
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Kwami Author
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#2
7 years ago
Aha, makes more sense now.
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#3
7 years ago
Excellent, happy for you Smiling Face with Open Mouth
Thumbs up me, please!
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