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Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation.
Maturity Dates of Notes Receivable 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 | Principal | Interest Rate | Term | |
---|---|---|---|---|
a. | August 5 | $6,000 | 8% | 190 days |
b. | May 10 | 16,800 | 7% | 160 days |
c. | October 20 | 24,000 | 9% | 115 days |
d. | July 06 | 4,500 | 10% | 130 days |
e. | September 15 | 9,000 | 8% | 145 days |
Maturity Date | |||
---|---|---|---|
Month | Day | Interest | |
a. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
b. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
c. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
d. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
e. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
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