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Author Question: Calculate the legal due date of a $600.00, 120 day note with interest at 5% dated March 2, 2014. (Read 1630 times)

Kikoku

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Question 1

You borrowed $4600 at 9.1% per annum calculated on the unpaid monthly balance and agree to repay the principal together with interest in monthly payments of $1050 each. Construct a complete repayment schedule.

Question 2

Calculate the legal due date of a $600.00, 120 day note with interest at 5% dated March 2, 2014.
◦ July 2
◦ July 3
◦ June 30
◦ July 31
◦ July 5


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Marked as best answer by Kikoku on Jun 6, 2019

sarajane1989

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