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What is the final payment on a 90 day note given the following information? (Ordinary Method) Principle= $10,000 Interest Rate= 10% Pays on day=35 $1200
What is the final payment on a 90 day note given the following information? (Ordinary Method)
Principle= $10,000
Interest Rate= 10%
Pays on day=35 $1200
Payoff day= 90. ?
Required:
What is the payoff on day 90?
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