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Problem 8-3 Notes Receivable financial data of the Smithson Financial Institute Shown below is_some Notes Rece Due Date Interest Maturity Value Note $2500, 60-day, 12%
Problem 8-3 Notes Receivable financial data of the Smithson Financial Institute Shown below is_some Notes Rece Due Date Interest Maturity Value Note $2500, 60-day, 12% $100, 10-day, 18% $955, 90-day, 10% $1800, 120-day, 12% $1350, 30-day, 16% $5000, 90-day, 10% Required: Prepare the necessary calculations to complete the chart. Problem 8 - 3 Date Principal Rate Time Due Date Interest Maturity Value 15-Sep $2,500 12% 60 days 7-Apr $100 18% 10 days 5-Mar $955 10% 90 days 3-Jan $1,800 12% 120 days 5-Nov $1,350 16% 30 days 4-Aug $5,000 10% 90 days
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