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Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of
Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Term of Note a. January 10* b. March 19 June 5 September 8 e. November 20 C. d. a. *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note b. C. d. e. $40,000 18,000 90,000 36,000 27,000 Due Date Interest Interest Rate 0000 5% 8 7 3 4 90 days 180 days 30 days 90 days 60 days Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: *Assume that February has 28 days. Assume 360 -days in a year when computing the interest
Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Term of Note a. January 10* b. March 19 June 5 September 8 e. November 20 C. d. a. *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note b. C. d. e. $40,000 18,000 90,000 36,000 27,000 Due Date Interest Interest Rate 0000 5% 8 7 3 4 90 days 180 days 30 days 90 days 60 days
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