Question
On the maturity date of a $6,000, 6-month, 11% note, the borrower sends a check that includes the principal and all of the interest due
On the maturity date of a $6,000, 6-month, 11% 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?
Multiple Choice
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$6,330.0
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$6,000.0
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$9,960.0
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$6,660.0
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
978-0078025587
