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Determine the due date and the amount of interest due at maturity for the following notes. Assume 360 days per year. Origin Date Face Quantity
Determine the due date and the amount of interest due at maturity for the following notes. Assume 360 days per year.
| Origin Date | Face Quantity | Term of note | interest rate | Maturity Date | Interest Amount | |
| a. | March, 15th | $8,000 | 60 days | 9% | ps | |
| b. | Mayo 1 | $12,000 | 90 dias | 8% | ps |
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a The due date for the note is May 14th calculated as follows March 15th to April 15th ...
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Financial and Managerial Accounting Using Excel for Success
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
1st edition
1111535221, 1111535223, 9781285400914 , 978-1111993979
