Author Question: For the following promissory note, determine the amount of interest due at maturity. $3000.00 ... (Read 180 times)

casperchen82 · **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 of

Badger

Lumber Company

* * * * * * * *EXACTLY* * * * * * *

1195.00* * * * * * * * * * *DOLLARS at

Badger Lumber

Company

for value received with interest

at 8.25% per annum.

Due ___________________

(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 of

Hughes

Pet Supply Company

* * * * * * * *EXACTLY* * * * * * *

3000.00* * * * * * * * * * *DOLLARS at

Hughes Pet Supply

Company

for value received with interest

at 9.00% per annum.

Due ____________________

(Seal) ____________________

thall411 · **Reply #1 on:** Jun 6, 2019

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