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Lada Lada
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6 years ago
A promissory note for $7200.00 dated May 15, 2016, requires an interest payment of $740.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note.
A) 23 July 2016
B) 21 Sep 2016
C) 23 May 2017
D) 24 Aug 2017
E) 11 Oct 2018
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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4 years ago
Thank You
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4 years ago
Danke
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A year ago
A promissory note for $3600.00 dated May 15, 2012, requires an interest payment of $370.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note:
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#5
A year ago
Quote from: LookshaC4 (A year ago)
A promissory note for $3600.00 dated May 15, 2012, requires an interest payment of $370.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note:
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