Hampton Music renegotiated accounting assignment help

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Hampton Music renegotiated accounting assignment help

On June 15 comma 2011June 15, 2011​, Hampton Music renegotiated its overdue account balance of $1,000

with Perfect Tunes by signing a five−month promissory note at an interest rate of 6​%.

What is the principal amount of the​ note?

What is the due date of the​ note?

How much will Hampton Music repay on the due date of the​ note?

Select the formula and enter the amounts to calculate the payment due. ​(Round your answers to two decimal​ places.)

? + ? = Payment due.

 

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