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21 February, 03:29

A note with a face value of $145,000 is made on December 10.

The note is for 75 days and carries interest of 13.5%.

A partial payment of $55,000 is made on January 8.

Find the amount due on the maturity date of the note.

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Answers (1)
  1. 21 February, 06:23
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    A=91,555.27 * (1+0.135 * (46:365))

    A=93,112.96 amount due after 75 days
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