Question: A note for $816.00, dated January 15, 2006, with interest at 4.21% per annum, was issued for 203 days. What was the legal due date?

 A note for $816.00, dated January 15, 2006, with interest at

A note for $816.00, dated January 15, 2006, with interest at 4.21% per annum, was issued for 203 days. What was the legal due date? Ignore any grace period. The legal due date was

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!