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For the Following Promissory Note, Determine the Amount of Interest

Question 47

Essay

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) ____________________
(Seal) ____________________

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The term ends October 29, 2012...

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