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On February 2 0 th , a 5 month note for $ 1 0 , 5 8 0 was received by Lucky Company to settle
On February th a month note for $ was received by Lucky Company to settle an amount owing from a customer. It bears
interest at the rate of per annum. Assume the note is settled on maturity and Lucky makes the appropriate entry. A year has
days or weeks.
Required : The amount simple interest plus principal received by Lucky at maturity is: $
Required : If the note has monthly compounded interest, the total amount of interest received by Lucky at maturity is: $
Required : If the note has biweekly compounded interest, the total amount of principal received by Lucky at maturity is: $
Required : If the note is sold on March th the total amount of interest accrued by Lucky is: $
Required : If the note has biweekly compounded interest and it is sold on March th the total amount of interest accrued by Lucky
is: $
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