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Assignment Part 1: Using the interest formula, compute the interest and maturity values for each of the following notes : Principal Interest Term Rate $4,000

Assignment

Part 1:

Using the interest formula, compute the interest and maturity values for each of the following notes :

Principal Interest Term Rate
$4,000 11.5% 60 days
$10,000 11.75% 90 days
$6,500 12.75% 60 days
$900 12.25% 120 days

Part 2:

Calculate the maturity date for the following notes, and check your work by using a calendar.

Date of Note Term
1. 4th January 30 days
2. 10th February 60 days
3. 15th March 30 days
4. 10th April 90 days
5. 25th May 4 months

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