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Date Issued Term of the Note Due Date 1. January 1 30 days __________ 2. January 15 30 days __________ 3. March 20 60 days
Date Issued | Term of the Note | Due Date | |
1. | January 1 | 30 days | __________ |
2. | January 15 | 30 days | __________ |
3. | March 20 | 60 days | __________ |
4. | March 20 | 3 months | __________ |
5. | June 18 | 90 days | __________ |
Compute the amount of accrued interest on the following notes:
Principal | Interest Rate | Time | Accrued Interest | |
6. | $7,800 | 9.0% | 75 days | __________ |
7. | 3,600 | 12.5% | 45 days | __________ |
8. | 2,700 | 9.9% | 90 days | __________ |
9. | 4,300 | 6.2% | 6 months | __________ |
10. | 5,500 | 11.0% | 120 days | __________ |
Compute the number of days from the issue date to the maturity date for the following notes:
Issue Date | Maturity Date | Term of the Note | |
11. | March 14, 2010 | June 12, 2010 | __________ |
12. | September 27, 2010 | December 11, 2010 | __________ |
13. | November 11, 2010 | March 14, 2011 | __________ |
14. | July 31, 2010 | October 29, 2010 | __________ |
15. | June 29, 2010 | July 11, 2010 | __________ |
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