Solved

A Company Signs a Note Payable for $4,500 at 11

Question 55

Multiple Choice

A company signs a note payable for $4,500 at 11% for 65 days. How much interest (to the nearest cent) will the company owe using a 360-day year? (Round your final answer to the nearest cent.)


A) $495.00
B) $88.15
C) $89.38
D) $99.21

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions