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RCES Practice Do It! Review 02 a-b (Part Level Submission) Blossom Wholesalers accepts from Benton Stores a $10,550, 4-month,
(b) What is the interest payable at the maturity date. Interest payable at the maturity date LINK TO TEXT
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Answer #1

Interest payable on maturity =10,550*12%*4/12 =$422

So the Interest payable on maturity of 4 months =$422

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