Elka can remember the phone number she just looked up only by repeating it over and over. When she stops saying it out loud, she
1 answer:
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Answer:
$196,730
Explanation:
The note payable signed has an interest rate of 6% per year. Since the amount is paid back in 6-months, only half a period should be considered when calculating interests due. The total amount that New Morning Bakery should pay back on May 1, 2022 is given by:
The company will need to pay $196,730.