Solved

A Business Accepts a 9 Percent,$25,000 Note Due in 120

Question 151

Multiple Choice

A business accepts a 9 percent,$25,000 note due in 120 days.Assuming simple interest,how much (amount rounded) will the business receive when the note falls due?


A) $25,000
B) $25,075
C) $25,740
D) $27,260

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q31: All of the following are estimated liabilities

Q146: An employee has gross earnings of $1,200

Q147: What would be the adjusting entry for

Q147: Potential vacation pay should be accounted for

Q148: The costs associated with coupons and rebates

Q152: Seacrest Company purchased a machine on January

Q153: First City Bank computes interest semiannually.If the

Q154: Use this information to answer the following

Q155: Use this information to answer the following

Q156: Use this information to answer the following