Question: A promissory note for $800.00 dated January15, 2017, requires an interest payment of $100.00 at maturity. If interest is at 9% p.a. compounded monthly, determine
A promissory note for $800.00 dated January15, 2017, requires an interest payment of $100.00 at maturity. If interest is at 9% p.a. compounded monthly, determine the due date of the note.
(Round down to the nearestday.)
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