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 $590 dollars and no
Cents with interest at 12% per year, payable at Nations Bank Abercorn Branch.
Due: June 10 Signed: Fred Nester
--------------------------------------------------------------
Who is the payer of the note?
A) Nations Bank Abercorn Branch
B) Not given
C) Thomas Ronney
D) Fred Nester
Correct Answer:

Verified
Correct Answer:
Verified
Q51: Find the maturity value of the simple
Q52: Find the interest and maturity value for
Q53: Find the principal. Round to the nearest
Q54: Solve the problem.<br>-Randy Hunter buys a $30,000
Q55: Solve the problem.<br>-An investor buys a $20,000
Q57: Find the time (in days). Round to
Q58: Find the proceeds to the nearest cent
Q59: Answer the question about the promissory note
Q60: Solve the problem. Round rates to the
Q61: Find the exact interest to the nearest