Question
Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of
Determine the due date and the amount of interest due at maturity on the following notes:
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| Date of Note | Face Amount | Interest Rate | Term of Note | Due Date | Interest |
| (1) | Jun 1 | $20,000 | 3% | 40 days |
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| (2) | June 30 | 9,000 | 3% | 180 days |
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| (3) | March 30 | 12,000 | 5% | 45 days |
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| (4) | March 1 | 10,000 | 5% | 60 days |
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| (5) | January 15 | 8,000 | 4% | 60 days |
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The Internal Audit Handbook The Business Approach To Driving Audit Value
Authors: Hans Beumer
1st Edition
3906861201, 978-3906861203
