Question
On the maturity date of a $10,800, 6-month, 8% note, the borrower sends a check that includes the principal and all of the interest due
On the maturity date of a $10,800, 6-month, 8% note, the borrower sends a check that includes the principal and all of the interest due on the note. What is the amount of the borrowers check?
$11,664
$15,984
$11,232
$10,800
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International Public Financial Management Essentials Of Public Sector Accounting
Authors: Gary Bandy
1st Edition
081535634X, 978-0815356349
