Question
On April 21 the Danvers Company borrowed $50,000 from its bank by signing a 30-day, 12% note. The loan and interest are to be paid
On April 21 the Danvers Company borrowed $50,000 from its bank by signing a 30-day, 12% note. The loan and interest are to be paid to the bank on May 20.
Determine the total dollar amount of cash the Company must pay to the bank on May 20.
| a. | $50,164.38 | |
| b. | $52,000.00 | |
| c. | $50,493.15 | |
| d. | $50,246.58 |
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Energy Audit Of Building Systems An Engineering Approach
Authors: Moncef Krarti
3rd Edition
0367820463, 978-0367820466
