Question
Compute the unknowns for the following transactions dealing with interest on notes receivable. 365 days per year. Rounded to the nearest dollar Principal Rate Interest
Compute the unknowns for the following transactions dealing with interest on notes receivable. 365 days per year. Rounded to the nearest dollar
| Principal Rate | Interest | Duration | Interest Value | Maturity |
| $10,000 | 10% | 120 days | E | G |
| $25,000 | 12% | C | $2,515 | H |
| A | 6% | 180 days | $2,959 | I |
| $50,000 | B | 60 days | $493 | J |
| $36,000 | 9% | D | F | $36,710 |
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The Future Of Auditing
Authors: David Hay
1st Edition
1138477087, 9781138477087
