To find interest payment

Accounting
Tutor: None Selected Time limit: 1 Day

A company signed a $6,000, 90 days, 5% note payable on December 1. What amount of interest should be accrued on December 31? 

A. $300 

C. $725 

B. $25 

D. $3,825 

Jun 20th, 2015

Thank you for the opportunity to help you with your question!

$6000(1+0.05/3)^3 *1

$300.............answer

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Jun 20th, 2015

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Jun 20th, 2015

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Jun 20th, 2015

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Jun 20th, 2015

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