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What is the total payment required to pay off a promissory note issued for $750.00 at 6% ordinary interest and a 90-day term?

What is the total payment required to pay off a promissory note issued for $750.00 at 6% ordinary interest and a 90-day term?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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What is the correct answer A thru D
us-The Science of Learning x dent Functions/Interface/acellus_engine.html?ClassID=1279573369 + What is the total payment required to pay off a promissory note issued for $750.00 at 6% ordinary interest and a 90-day term? A. $780.00 C. $761.25 3 International Academy of Science. All Rights Reserved. B. $756.00 D. $755.40
Transcribed Image Text:us-The Science of Learning x dent Functions/Interface/acellus_engine.html?ClassID=1279573369 + What is the total payment required to pay off a promissory note issued for $750.00 at 6% ordinary interest and a 90-day term? A. $780.00 C. $761.25 3 International Academy of Science. All Rights Reserved. B. $756.00 D. $755.40
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