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Agts Synder Corporation signed a notes payable with Synergy Bank on June 1, 2020. The note provides that Synder Corporation must pay principal plus
Agts Synder Corporation signed a notes payable with Synergy Bank on June 1, 2020. The note provides that Synder Corporation must pay principal plus al accrued interest at 12%, compounded annually, in the amount of $668,744 on the due date of the note. Assuming Synder Corporation originally borrowed $425,000 and has not made any payment on the note prior to the due date, what is the due date of the note (hint: calculate how many years the note is outstanding)? Use the appropriate factor table(s) to answer the question. O June 1, 2021 O June 1, 2023 June 1, 2024 O June 1, 2025 June 1, 2026
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