× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
g
2
2
b
2
M
2
V
2
f
2
c
2
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
gewusel gewusel
wrote...
Posts: 370
Rep: 0 0
6 years ago
For the following promissory note, determine the amount of interest due at maturity.

   $1195.00 Ottawa, Ontario January 29, 2012. Nine months
   after date we promise to pay to the order of   Badger
   Lumber Company    * * * * * * * *EXACTLY* * * * * * *
   1195.00* * * * * * * * * * *DOLLARS at   Badger Lumber
   Company   for value received with interest
   at 8.25% per annum.
   Due ___________________    (Seal) ____________________
   (Seal) ____________________
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 92 times
1 Reply

Related Topics

Replies
wrote...
#1
6 years ago
The term ends October 29, 2012
Legal due date is November 1, 2012.
Interest period January 29, 2012 to November 1, 2012 is 277 days.
Interest = 1195 (0.0825)   = $74.82
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  533 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1113
  
 314
  
 331
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 486
Previous poll results: Should Ph.D.'s be addressed as doctors?