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need correct answers Keesha Co. borrows $200,000 cash on November 1, 2017, by signing a 90-day, 9% note with a face value of $200,000 1.
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Keesha Co. borrows $200,000 cash on November 1, 2017, by signing a 90-day, 9% note with a face value of $200,000 1. On what date does this note mature? January 25, 2018 January 26, 2018 January 27, 2018 January 28, 2018 January 30, 2018 2. & 3. What is the amount of interest expense in 2017 and 2018 from this note? (Use 360 days a year. Do not round intermediate calculations.) Total through maturity Interest Expense 2017 Interest Expense 2018 Principal Rate (%) Time Total interest $ 200,000$200,000$ 200,000 0% 30/360 1,500 0% 0% 60/360 60/360 3,000 $Step by Step Solution
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