Essay
A promissory note for $3600.00 dated May 15, 2012, requires an interest payment of $370.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note.
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PV = 3600, FV = 3600 + 370 = 3970, i = 0...View Answer
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Correct Answer:
Verified
PV = 3600, FV = 3600 + 370 = 3970, i = 0...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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