Equity bank lends boston furniture company $100,000 on december 1st on a 6%, 4-month note. the total cash paid for interest (only) at maturity of the note is (round your final answer to the nearest dollar.):
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Ответ:
$102,000.
Explanation:
The maturity value is the principle + interest.
First calculate the interest:
$100,000 x .06 x (4/12) months = $2,000
Maturity value is $100,000 + $2,000 = $102,000
Ответ:
It is D 228
Explanation:
I just know because I did this math quiz on VBC