Question: Q: A four-month promissory note for $1600 dated June 30 bears interest at 6.5%. What is the due date of the note? What is the

Q: A four-month promissory note for $1600 dated June 30 bears interest at 6.5%.

What is the due date of the note?

What is the amount of interest payable at the due date?

What is the maturity value of the note?

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