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Determine the maturity date and compute interest for each note. Note: Use 360 days a year. Do not round intermediate calculations. Note Contract Date Principal
Determine the maturity date and compute interest for each note.
Note: Use 360 days a year. Do not round intermediate calculations.
Note | Contract Date | Principal | Interest Rate | Period of Note (Term) | |
---|---|---|---|---|---|
1. | March 3 | $ 12,000 | 6% | 60 | days |
2. | May 17 | 17,000 | 8 | 90 | days |
3. | October 22 | 10,000 | 4 | 45 | days |
Please help me fill in the chart.
Determine the maturity date and compute Interest for each note. Note: Use 360 days a year. Do not round Intermedlate calculationsStep by Step Solution
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