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Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: (Use 360 as the denominator when calculating
Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: (Use 360 as the denominator when calculating the interest amount. Round to a whole number.) Date of Note Principal Interest Rate (%) a. August 5 $15.000 8 b. May 10 8,400 7 October 20 12.000 9 d: July 6 4.500 10 e. September 15 13,500 8 Term 120 days 90 days 45 days 60 days 75 days Maturity Date Month Day Interest at Maturity 05 0 0 0 b c e 0 OOOO d. 0 1 1 e 0 0 Check
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