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Lada Lada
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4 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


Edition: 11th
Authors:
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SupremeSupreme
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4 years ago
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Danke
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A month 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:
wrote...
A month 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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