to find maturity date

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bqryvn

Business Finance

Description

7...On November 1, Candle Company borrowed $50,000 cash from a bank in return for a 60-day, 9%, $50,000 promissory note. How much will Candle need to pay the bank on the maturity date? 

A. $750 

C. $50,000 

B. $50,750 

D. $0 

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Explanation & Answer

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B. $50,750 ..........................................................................................................

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Anonymous
Just what I was looking for! Super helpful.

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