Posted by **keionna** on Saturday, June 15, 2013 at 2:06pm.

Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Reader’s Choice Bookstores. After 20 days, Varsity Press discounted the note at the Grove Isle Bank at a discount rate of 14.5%. The note was made on March 21. What was the maturity date of the note

## Answer This Question

## Related Questions

- math - Varsity Press, a publisher of college textbooks, received a $70,000 ...
- math - Varsity Press, a publisher of college textbooks, received a $70,000 ...
- choice - Varsity Press, a publisher of college textbooks, received a $70,000 ...
- math - Varsity Press, a publisher of college textbooks, received a $70,000 ...
- Business Math - Varsity Press, a publisher of college textbooks, received a $70,...
- contemporary math - Varsity Press, a publisher of college textbooks, received a...
- finance math - Schell Publishing received a $70,000 promissory note at 12% ...
- math - Use the ordinary interest method, 360 days, to solve the following word ...
- Math - Lisa borrowed 8,000 on an 8% , 60 day note after 15 days she paid 2,000 ...
- math - Max Wholesaler borrowed $2,000 on a 10%, 120-day note. After 45 days, Max...

More Related Questions