A note for $800 dated June 4, 2010, with interest at 8.25% p.a., is issued for 10 days. Determine
a) the legal due date;
b) the interest period (in days);
c) the amount of interest;
d) the maturity value.

Question

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The Answer of A note for $800 dated June 4, 2010, with interest at 8.25% p.a., is issued for 10 days. Determine
a) the legal due date;
b) the interest period (in days);
c) the amount of interest;
d) the maturity value.

A Note for $800 Dated June 4, 2010, with Interest