The owner of the Wilson Lumber Company signed a promissory note on January 10, 2017, stating that

Question:

The owner of the Wilson Lumber Company signed a promissory note on January 10, 2017, stating that the company was due to pay $565.00 with interest at 8.25% per annum in five months. How much interest is due at of the note?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...