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Please show how you calculated the answer. Thank you! Berkman Wholesalers accepts from Almonte Stores a $6,500, 4-month, 9% note dated May 31 in settlement
Please show how you calculated the answer. Thank you!
Berkman Wholesalers accepts from Almonte Stores a $6,500, 4-month, 9% note dated May 31 in settlement of Almonte's overdue account. The maturity date of the note is September 30. Calculate the interest payable at maturity. (Round answer to 0 decimal places, e.g. $152.)Step by Step Solution
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