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Author Question: S & C Corp. lent $32,000 to Canis, Inc. for 75 days at 7% interest on November 22, 2018. How much ... (Read 73 times)

tingc95

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S & C Corp. lent $32,000 to Canis, Inc. for 75 days at 7% interest on November 22, 2018. How much interest will have accrued to S & C Corp. on December 31, 2018, assuming a 360-day year? (Do not round any intermediary calculations. Round your final answer to the nearest cent.)
◦ $242.67
◦ $466.67
◦ $2,240.00
◦ Some other number


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Marked as best answer by tingc95 on Feb 18, 2020

jessicaduplan

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tingc95

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review


cpetit11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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