What is the total payment required to pay off a promissory note issued for $600.00 at 10% ordinary interest and a 180-day term?

asked Apr 12, 2024 158k views

4 votes

What is the total payment

required to pay off a promissory
note issued for $600.00 at 10%
ordinary interest and a 180-day
term?

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2 votes

Answer:

$630.00

Explanation:

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