Question
BE8-10 Presented belwo are data on three promissory notes. Determine the missing amounts. Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest
BE8-10 Presented belwo are data on three promissory notes. Determine the missing amounts.
Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest
(a) April 1 60 days ? $600,000 5% ?
(b) July 2 30 days ? 90,000 ? $600
(c) March 7 6 months ? 120,000 10% ?
Determine maturity dates and compute interest and rates on notes.
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Implementing And Auditing The Internal Control System
Authors: D. Chorafas
2001edition
0333929365, 978-0333929360
