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Boats borrowed $240,000 on September 15, 2020, for 45 days at 5% interest by signing a note. 1. On what date will this note mature?

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Boats borrowed $240,000 on September 15, 2020, for 45 days at 5% interest by signing a note. 1. On what date will this note mature? Maturity date 2. How much interest expense is created by this note? (Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places.) Interest expense Prev 1 of 2 Next > e o Et e n Ches 1 Mercedes Boats borrowed $240,000 on September 15, 2020, for 45 days at 5% interest by signing a note. 1. On what date will this note mature? 10 points Maturity date October 30, 2020 eBook Print References 2. How much interest expense is created by this note (Us 365 days a year. Do not round Intermediate calculations and round the final answer to 2 decimal places.) Interest expense 1.479 45 Prev 1 of 2 !!! Next > ME GE

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