A promissory note has a face value of $1725 and it has a date of issue of October 1 this year. The ...

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A promissory note has a face value of $1725 and it has a date of issue of October 1 this year. The ...

A promissory note has a face value of $1725 and it has a date of issue of October 1 this year. The term is for 4 months. The rate of interest is 6.13%. What is the legal due date of the promissory note?
A) Feb. 1
B) Feb. 2
C) Feb. 3
D) Feb. 4
E) Feb. 5

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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