Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-A 4-month, $6,500 note payable at 9 percent incurs interest (rounded to nearest dollar) of

Name: Use the present value and future value tables included in Appendix 8 and on the textbook companion website. -A 4-month, $6,500 note payable at 9 percent incurs interest (rounded to nearest dollar) of
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Question

Use the present value and future value tables included in Appendix 8 and on the textbook companion website. 
-A 4-month, $6,500 note payable at 9 percent incurs interest (rounded to nearest dollar) of

Quizplus · Accepted Answer

The correct answer is A because the interest is calculated as $6,500 x 9% x 4/12 = $195.

Use the Present Value and Future Value Tables Included in Appendix