Question: 78) The interest charged on a $434000 note payable, at the rate of 6%, on a 60-day note would be (Use 360 days for calculation.)
78)
The interest charged on a $434000 note payable, at the rate of 6%, on a 60-day note would be (Use 360 days for calculation.)
A)$6510.
B)$4340.
C)$26040.
D)$13020
841)
Bonds with a face value of $384000 and a quoted price of 98.50 have a selling price of
A)$377280.
B)$376339.
C)$378240.
D)$376512.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
