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Answer the Question About the Promissory Note Given

Question 2

Multiple Choice

Answer the question about the promissory note given.
------------------------Promissory Note------------------------ March 12
Ninety days after date above, I promise to pay to the order of Thomas Ronney $610 dollars and no
Cents with interest at 13% per year, payable at Nations Bank Abercorn Branch.
Due: June 10 Signed: Fred Nester
--------------------------------------------------------------
What is the face value of the note?


A) $1.17
B) $610
C) $14.03
D) $3.51

Correct Answer:

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