Question: A debtor signs a non - interest - bearing note stating $ 6 , 5 0 0 . 0 0 is due in 1 4
A debtor signs a noninterestbearing note stating $ is due in months. Six months after
note is contracted it is sold to a third party who uses simple interest to find its value.
Round answers to the nearest penny, USE a dollar sign, USE commas where needed
A What does the third party pay for the note?
A
B What does the debtor owe on the due
date?
A
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