Several banks have offered loans to the Sanchez Computer Center for its expansion. However, Freedman wants to
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Assignment
Using the information provided by each bank, determine the due date and interest amount for each.
Bank of America ... A 90-day note dated April 15 for $20,000 at a 6% interest rate
Bank One ..... A 120-day note dated April 10 for $40,000 at a 5% interest rate
Capital One Bank .. A 75-day note dated April 5 for $30,000 at a 4% interest rate
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Bank of America Note Calculation of Due Date Using Table 141 April 15 Days Tab...View the full answer
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