Question
On the maturity date of a $6,000, 3-month, 12% note, the borrower sends a check that includes the principal and all of the interest due
| On the maturity date of a $6,000, 3-month, 12% 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? |
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
