Find the interest and maturity value for a 60-day note with principal of $1,500 and interest at

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Find the interest and maturity value for a 60-day note with principal of $1,500 and interest at 8 percent.

a. $120.00 interest; $1,620.00 maturity value

b. $32.88 interest; $1,532.88 maturity value

c. $3.29 interest; $1,503.29 maturity value

d. $19.74 interest; $1,519.74 maturity value

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 16, 2022 02:47 AM

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Find the interest and maturity value for a 60-day note with principal of $1,500 and interest at

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b 3288 interest 153288 maturity value To find the ...View the full answer

Glencoe Accounting First Year Course

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