Choose the correct answer. Your business signs a ninety-day promissory note for $5,000 at 5% monthly interest. How much interest will you have to pay on a collect basis? a 250.00 b 750.00

Choose the correct answer. Your business signs a ninety-day promissory note for $5,000 at 5% monthly interest. How much interest will you have to pay on a collect basis?

a 250.00
b 750.00

2 Answers

Choose the correct answer. Your business signs a ninety-day promissory note for $5,000 at 5% monthly interest. How much interest will you have to pay on a collect basis? a 250.0…

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