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Complete the following statements about promissory notes and interest by entering amounts in the spaces provided. (Use 360 days in one year.) A. The interest
Complete the following statements about promissory notes and interest by entering amounts in the spaces provided. (Use 360 days in one year.) A. The interest on $70,000 for 100 days at 14% is $_______
B. The interest on $80,000 for 90 days at 14% is $_______
C. The interest on $3,200 for 45 days at 18% is $________
D. A 90-day note dated September 20 will mature on _______
E. If interest expense on a 15% one-year note is $9,000, the amount of the note is $_______
F. The maturity value of a 12%, 60-day note for $40,000 is $_________
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