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Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 350 days
Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 350 days in a year. Note Issue Date Amount Interest Rate Time(Days) 1. Jan. 20 $100,000 6% 30 2. March 10 $50,000 3% 60 3. May 15 $85,000 4% 45 4. Sept. 21 $90,000 7% 90 5. Dec.1 $75,000 8% 120 Note Due Date Interest on Note Maturity Value Select an answer: a. Feb. 19, b. Dec 20, c,. June 29, d. March 31, e. May 9 Please show all steps. Thanks.
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