Essay
A $2850, five-month promissory note with interest at 6.15% is issued on June 1. Compute the proceeds of the note on August 13, when money is worth 7.5%.
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Correct Answer:
Verified
Maturity value:
Legal due date: November...
Legal due date: November...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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