Question
Please show calculations Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days
Please show calculations
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% | 170 days |
| b. | May 10 | 16,800 | 7% | 140 days |
| c. | October 20 | 24,000 | 9% | 95 days |
| d. | July 06 | 4,500 | 10% | 110 days |
| e. | September 15 | 9,000 | 8% | 125 days |
| Maturity Date
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Edp Auditing A Primer
Authors: Joseph L. Sardinas
1st Edition
0471123056, 978-0471123057
