Question
Compute the maturity date and interest for the following notes(Use 360 days for calculation.) (a) April 17 45 days $76,160 5% (b) August 11 2months
Compute the maturity date and interest for the following notes(Use 360 days for calculation.)
(a) April 17 45 days $76,160 5%
(b) August 11 2months $111,600 8%
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
