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On October 1, $10,500 is deposited at at 8% for 60 days. What is the due date and the amount of interest due at maturity?

On October 1, $10,500 is deposited at at 8% for 60 days. What is the due date and the amount of interest due at maturity?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 24Q: Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms...
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On October 1, $10,500 is deposited at at 8% for 60 days. What is the due date and the amount of interest due at maturity?
Transcribed Image Text:On October 1, $10,500 is deposited at at 8% for 60 days. What is the due date and the amount of interest due at maturity?
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