Solved

For the Following Promissory Note, Determine the Amount of Interest

Question 9

Essay

For the following promissory note, determine the amount of interest due at maturity.
$1195.00 Ottawa, Ontario January 29, 2012. Nine months
after date we promise to pay to the order of Badger
Lumber Company * * * * * * * *EXACTLY* * * * * * *
1195.00* * * * * * * * * * *DOLLARS at Badger Lumber
Company for value received with interest
at 8.25% per annum.
Due ___________________ (Seal) ____________________
(Seal) ____________________

Correct Answer:

verifed

Verified

The term ends October 29, 2012...

View Answer

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents