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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
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. (hint: find n then convert it into days and use excel sheet to add it to issue date) In the box below show these parameters: PV=....., FV=..... Answer:
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. (hint: find n then convert it into days and use excel sheet to add it to issue date)
In the box below show these parameters:
PV=....., FV=.....
Answer:
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Accounting For Inventory
Authors: Steven M. Bragg
1st Edition
1938910222, 9781938910227
