On June 15 comma 2011June 15, 2011â€‹, Hampton Music renegotiated its overdue account balance of $1,000
with Perfect Tunes by signing a fiveâˆ’month promissory note at an interest rate of 6â€‹%.
What is the principal amount of theâ€‹ note?
What is the due date of theâ€‹ note?
How much will Hampton Music repay on the due date of theâ€‹ note?
Select the formula and enter the amounts to calculate the payment due. â€‹(Round your answers to two decimalâ€‹ places.)
? + ? = Payment due.
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