Question
A company issued a bank bill today and received proceeds of $48,052.26.If the bill matures in 100 days and interest rates are 4% p.a., what
A company issued a bank bill today and received proceeds of $48,052.26.If the bill matures in 100 days and interest rates are 4% p.a., what total amount is payable on maturity?
a.$48,059.66
b.$50,000.00
c.$48,578.86
d.$48,581.73
e.$48,049.42
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 2
978-0134213118, 134213114, 133855384, Google Book, 978-0133855388
