Question
Brief Exercise 8-8 Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to 0 decimal places, e.g.
Brief Exercise 8-8 Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to 0 decimal places, e.g. 825. Round annual interest rate to 0 decimal places, e.g. 15%.) Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest (a) April 1 60 days select a maturity date $648,000 9 % $enter total interest in dollars rounded to 0 decimal places (b) July 2 30 days select a maturity date 90,920 enter an annual Interest Rate in percentages rounded to 0 decimal places % $682 (c) March 7 6 months select a maturity date 113,270 10 % $enter total interest in dollars rounded to 0 decimal places
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