K 700 The due date is (Round down to the nearest day)

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...
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If you borrow $3000.00 on May 1, 2019, at 10% compounded semi-annually, and interest on the loan amounts to $138 72, on what date is the loan due?
K
10:0
The due date is
(Round down to the nearest day)
GEILE
Transcribed Image Text:If you borrow $3000.00 on May 1, 2019, at 10% compounded semi-annually, and interest on the loan amounts to $138 72, on what date is the loan due? K 10:0 The due date is (Round down to the nearest day) GEILE
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