AIR MATH

Math Question

What is the total payment required to pay off a promissory note issued for \( \$ 500.00 \) at \( 8 \% \) ordinary interest and a 90-day term? A. \( \$ 540.00 \) B. \( \$ 508.00 \) C. \( \$ 510.00 \) D. \( \$ 507.20 \)

Solution

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