NOTE DATED 11/24/2021 DUE IN 156 DAYS, FACE OF THE NOTE IS $75,000, INTEREST RATE IS 9 4% CALCULATE THE FOLLOWING THE DUE DATE THE INTEREST AMOUNT (PXRXT) MATURITY VALUE (face amount plus the interest amount)

NOTE DATED 11/24/2021 DUE IN 156 DAYS, FACE OF THE NOTE IS $75,000, INTEREST RATE IS 9 4% CALCULATE THE FOLLOWING THE DUE DATE THE INTEREST AMOUNT (PXRXT) MATURITY VALUE (face amount plus the interest amount)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A: Due date = Issuance date + 156 days = 11/24/2021 + 156 days = 29 April, 2022

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NOTE DATED 11/24/2021 DUE IN 156 DAYS, FACE OF THE NOTE IS $ 75,000, INTEREST RATE
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PAGE 2 OF 2 192 WORDS .
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