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Determine the due date and amount of interest due at maturity on the following notes. Assume 360 days per year. Do not round intermediate
Determine the due date and amount of interest due at maturity on the following notes. Assume 360 days per year. Do not round intermediate calculations and round your final answers to the nearest dollar. Origination Face Term Interest Date Maturity Date Interest Amount of Note Rate Amount a. Mar. 15 $8,000 b. May 1 12,000 60 days 90 days 9% May 14 720 X 4 8% July 30 - X
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
