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Brief Exercise 8-7 Compute interest and find the maturity date for the following notes. (Round answers to 0 decimal places, e.g. 825) Date of Note
Brief Exercise 8-7
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Compute interest and find the maturity date for the following notes. (Round answers to 0 decimal places, e.g. 825)
| Date of Note | Principal | Interest Rate (%) | Terms | |||||
| (a) | June 10 | $79,610 | 8% | 60 days | ||||
| (b) | July 14 | $50,400 | 9% | 90 days | ||||
| (c) | April 27 | $12,770 | 10% | 75 days |
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Management Accounting
Authors: Greg Shields
1st Edition
1647484286, 978-1647484286
