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Brief Exercise 9-10 Presented below are data on three promissory notes Determine the missing amounts. (Use 360 days for calculation.) Maturity Date Annual Interest Rate

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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 (a) April 1 (b) July 2 (c) March 7 Terms 60 days 30 days Principal $576,000 79,500 137,000 5% August 1 $530 6 months 9%

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