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QUESTION
Given the following information concerning a promissory note: Principal $8,700 Interest Rate 13% Interest $377 Required: Determine the term of the...
Given the following information concerning a promissory note:
Principal $8,700
Interest Rate 13%
Interest $377
Required:
Determine the term of the note.
Note: To simplify the arithmetic in the problem, use 360 days for the number of days in a year.
Term:___________Days
