Using a 360-day year, interest calculated for 90 days on a $9,000, 6% promissory note is:

A) $135.
B) $540.
C) $450.
D) some other amount.

Answer: A

Business

You might also like to view...

Two people buy a property together if one dies full ownership will automatically belong to the other this is called

a. joint tenancy b. tenancy in common c. tenancy at sufferance d. community property

Business

Dependence relationships are represented with one-headed straight arrows in a path model

Indicate whether the statement is true or false

Business