Asked by
student Hannah Simonsen
on Nov 18, 2024
Verified
The due date of a 60-day note dated July 10 is September 10.
60-Day Note
Definition: A financial instrument, or promissory note, that requires the borrower to pay back the principal balance along with any interest in 60 days.
- Acquire knowledge on how to calculate interest and recognize its significance for notes receivable.
Verified Answer
NS
Learning Objectives
- Acquire knowledge on how to calculate interest and recognize its significance for notes receivable.