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Keesha Co. borrows $270,000 cash on November 1, 2017, by signing a 120-day, 11% note with a face value of $270,000. 1. On what date
Keesha Co. borrows $270,000 cash on November 1, 2017, by signing a 120-day, 11% note with a face value of $270,000. 1. On what date does this note mature? (Assume that February has 28 days) March 27, 2018. March 28, 2018. March 29, 2018. March 30, 2018. March 01, 2018. 2.& 3. What is the amount of interest expense in 2017 and 2018 from this note? (Use 360 days a year.Round final answers to the nearest whole dollar.) Total Interest Expense 2017 Expense 2018 Interest through maturity Principal Rate (%) Time Total interest
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