A Promissory Note Has a Face Value of $1725 and It

question 63

Multiple Choice

A promissory note has a face value of $1725 and it has a date of issue of October 1 this year. The term is for 4 months. The rate of interest is 6.13%. What is the legal due date of the promissory note?

• A) Feb. 1
• B) Feb. 2
• C) Feb. 3
• D) Feb. 4
• E) Feb. 5

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Definitions:

People Meter

A device used to track the viewing habits of households for television ratings.

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A global information, data, and measurement firm known for its market research and analyses.

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Measurements that indicate the size and demographics of television audiences across a nation, often used for programming decisions and advertising rates.

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