A 60-day interest-bearing promissory note for $37,500 has an interest rate of 2.25% p.a. and is dated
Question:
A 60-day interest-bearing promissory note for $37,500 has an interest rate of 2.25% p.a. and is dated December 20, 2019. Calculate the maturity date and the maturity value of the note.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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