The maturity value of the note. b- The due date of the note TRADE DISCOUNT

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On February 05, 2020, Janet signed a 5-
months Simple Interest Bank Note with a face
value of $20,000.00 for her business. If the
rate of the note was 10%, Find:
- The maturity value of the note.
b- The due date of the note
TRADE DISCOUNT
Transcribed Image Text:On February 05, 2020, Janet signed a 5- months Simple Interest Bank Note with a face value of $20,000.00 for her business. If the rate of the note was 10%, Find: - The maturity value of the note. b- The due date of the note TRADE DISCOUNT
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