Question
2) A 4-month promissory note with a face value of $40,000 was issued on March 1, 2022, at 19 % p.a., determine. (2 marks total)
2) A 4-month promissory note with a face value of $40,000 was issued on March 1,2022, at 19 % p.a., determine. (2 marks total)
a. the maturity date
b. the number of days it was issued for
c. the interest on the note
d. the maturity value of the note
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Given information Face value of the promissory note is 40000 Interest rate is 19 per annum Issued on ...
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Transportation A Global Supply Chain Perspective
Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard
8th edition
9781305445352, 1133592961, 130544535X, 978-1133592969
