Help please What is the total paymentrequired to pay off a promissorynote issued for $800.00 at 10%ordinary interest and a 180-dayterm?A. $850.00B. $810.00C. $818.00D. $840.00-03 - 2021 Acellus Corporation. All Rights Reserved.

Answer: Option D ($840.00) Explanation: The term is of 180 days. 180 days means 6 months. Interest…

Answered: What is the total payment required to…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What is the total payment required to pay off a promissory note issued for $800.00 at 10% ordinary interest and a 180-day term? A. $850.00 B. $810.00 C. $818.00 D. $840.00