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Promissory Notes Calculate the unknown variable for the following noninterest-bearing promissory note. Sale Proceed | Principal $12,250.00 Issue Date August 14, 2015 Due Date Sale Date November 14, 2020 May 14, 2018 Discount Rate 5.85% compounded quarterly Promissory Notes Calculate the unknown variable for the following noninterest-bearing promissory note. (Round your answer to the nearest hundredth of a percent.) Discount Rate Sale Proceeds Principal $30,100.00 Issue Date June 3, 2014 Due Date June 3, 2020 Sale Date August 3, 2015 % compounded monthly $23,536.38 Promissory Notes Calculate the unknown variable for the following interest-bearing promissory note. Issue Amount Term of Note Date of Sale (before maturity) Discount Rate Sale Proceeds Interest Rate on Note 9% compounded monthly $18,500.00 5 years, 3 months 1 year, 6 months 15.25% compounded quarterly