A company receives a 6.2%, 60-day note for $9,65 The total amount of cash due on the maturity date a. $598.30. b. $99.72. c. $9,650.00. d. $9,749.72.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company receives a 6.2%, 60-day note for $9,65
The total amount of cash due on the maturity date
a. $598.30.
b. $99.72.
c. $9,650.00.
d. $9,749.72.
Transcribed Image Text:A company receives a 6.2%, 60-day note for $9,65 The total amount of cash due on the maturity date a. $598.30. b. $99.72. c. $9,650.00. d. $9,749.72.
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