Give typing answer with explanation and conclusion A promissory note for $7200.00 dated May 15, 2016, requires an interest payment of $740.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note. Group of answer choices 11 Oct 2018 24 Aug 2017 23 May 2017 21 Sep 2016 23 July 2016
Give typing answer with explanation and conclusion A promissory note for $7200.00 dated May 15, 2016, requires an interest payment of $740.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note. Group of answer choices 11 Oct 2018 24 Aug 2017 23 May 2017 21 Sep 2016 23 July 2016
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.7E: Notes Receivable On September 1, 2016, Dougherty Corp. accepted a six-month, 7%, $45,000...
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Give typing answer with explanation and conclusion
A promissory note for $7200.00 dated May 15, 2016, requires an interest payment of $740.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note.
Group of answer choices
11 Oct 2018
24 Aug 2017
23 May 2017
21 Sep 2016
23 July 2016
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