menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Contemporary Business Mathematics Study Set 1
  4. Exam
    Exam 8: Simple Interest Applications
  5. Question
    Calculate the Legal Due Date of a $10 000, 120-Day
Solved

Calculate the Legal Due Date of a $10 000, 120-Day

Question 41

Question 41

Multiple Choice

Calculate the legal due date of a $10 000, 120-day note with interest at 4.56% dated March 31, 2012.


A) July 28
B) July 29
C) August 1
D) August 2
E) August 3

Correct Answer:

verifed

Verified

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

Related Questions

Q36: You bought $150 000 in 364-day T-bills.

Q37: Caprice buys a painting on his credit

Q38: PC Financial approved a $75 000 line

Q39: A non-interest bearing promissory note has a

Q40: Amertech borrowed $32 000.00 from Balzac Credit

Q42: Leon's advertised a "No payment, No interest"

Q43: Find the present value of a seven-month

Q44: Bradley purchased a 91-day, $100 000 T-bill

Q45: A 4-month, 7.26% percent promissory note dated

Q46: An investment dealer bought a 182-day Government

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines