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.