Question
Compute interest and find the maturity date for the following notes. (Round answers to 0 decimal places, e.g. 825. Use 360 days for calculation.) Date
Compute interest and find the maturity date for the following notes. (Round answers to 0 decimal places, e.g. 825. Use 360 days for calculation.)
| Date of Note | Principal | Interest Rate (%) | Terms | |||||
|---|---|---|---|---|---|---|---|---|
| (a) | June 10 | $ 74,400 | 7% | 60 days | ||||
| (b) | July 14 | $ 51,100 | 8% | 90 days | ||||
| (c) | April 27 | $ 12,320 | 9% | 75 days |
| Interest | Maturity Date | |||
|---|---|---|---|---|
| (a) | $ enter the amount of interest in dollars rounded to 0 decimal places | select a maturity date June 30July 1July 10July 11July 12July 31August 1August 8August 9August 10September 30October 1October 11October 12October 13 | ||
| (b) | $ enter the amount of interest in dollars rounded to 0 decimal places | select a maturity date June 30July 1July 10July 11July 12July 31August 1August 8August 9August 10September 30October 1October 11October 12October 13 | ||
| (c) | $ enter the amount of interest in dollars rounded to 0 decimal places | select a maturity date June 30July 1July 10July 11July 12July 31August 1August 8August 9August 10September 30October 1October 11October 12October 13 |
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
