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Author Question: For the following promissory note, determine the amount of interest due at maturity. $3000.00 ... (Read 107 times)

casperchen82

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  • Posts: 540
on: Jun 6, 2019

Question 1

For the following promissory note, determine the amount of interest due at maturity.

$1195.00 Ottawa, Ontario January 29, 2012. Nine months
after date we promise to pay to the order ofBadger
Lumber Company * * * * * * * *EXACTLY* * * * * * *
1195.00* * * * * * * * * * *DOLLARS atBadger Lumber
Companyfor value received with interest
at 8.25% per annum.
Due ___________________ (Seal) ____________________
(Seal) ____________________


Question 2

For the following promissory note, determine the amount of interest due at maturity.

$3000.00 Oakville, Ontario January 15, 2013. Six months
after date we promise to pay to the order ofHughes
Pet Supply Company* * * * * * * *EXACTLY* * * * * * *
3000.00* * * * * * * * * * *DOLLARS atHughes Pet Supply
Companyfor value received with interest
at 9.00% per annum.
Due ____________________ (Seal) ____________________
(Seal) ____________________
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by casperchen82 on Jun 6, 2019

thall411

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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casperchen82

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Reply 2 on: Jun 6, 2019
Great answer, keep it coming :)

carlsona147

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Reply 3 on: Yesterday
:D TYSM

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After 159 days,she paid a maturity value of $11,626, which included interest of $814. After 159 days,she paid a maturity value of $11,626, which included interest of $814.
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