This topic contains a solution. Click here to go to the answer

Author Question: For the following promissory note, determine the amount of interest due at maturity. $3000.00 ... (Read 81 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540

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) ____________________


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by casperchen82 on Jun 6, 2019

thall411

  • Sr. Member
  • ****
  • Posts: 332
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.
Answer Preview
Only 49% of students answer this correctly




casperchen82

  • Member
  • Posts: 540
Reply 2 on: Jun 6, 2019
:D TYSM


atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Excellent

 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

For a complete list of videos, visit our video library