Question
Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.)
Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.)
Date of
Note
PrincipalInterest
Rate
Terma.August 5$6,0008%120 daysb.May 1016,8007%90 daysc.October 2024,0009%45 daysd.July 064,50010%60 dayse.September 159,0008%75 days
Maturity DateMonthDayInteresta.DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
a month, day and interest
b month, day and interest
c month, day and interest
d month, day and interest
e month, day and interest
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