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6 7 8 9 20 21 22 23 24 25 26 27 28 Function: DATE; Formula: Add, Multiply, Divide; Cell Referencing Using Excel to Compute

6 7 8 9 20 21 22 23 24 25 26 27 28 Function: DATE; Formula: Add, Multiply, Divide; Cell Referencing Using Excel to Compute Interest and Maturity Date PROBLEM The following notes vary in maturity periods, amounts and interest rates. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area. Date of Note Face Month Day Year Value Interest Rate % Terms in Days 6 10 2020 $ 80,000 6% 60 7 14 2020 $ 64,000. 7% 90 4 27 2020 $ 12.000 8% 75 Compute interest and find the maturity date for the notes using Excel's DATE function. Base the interest calculation on 360 days per year. Date of Note June 10 Interest Maturity Date July 14 April 27

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