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 167 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
Thanks for the timely response, appreciate it


yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library