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Brief Exercise 8-09 Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation.) Maturity Date Annual Interest Rate
Brief Exercise 8-09 Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation.) Maturity Date Annual Interest Rate Total Interest Date of Note Terms Principal (a) April 1 60 days $873,000 5 % (b) July 2 30 days 90,000 % $600 March 7 6 months 128,400 9 % Click if you would like to Show Work for this question: Open Show Work
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