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Question 16 Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation. Do not round Intermediate calculations.) Date

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Question 16 Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation. Do not round Intermediate calculations.) Date of Note Terms April 1 60 days Maturity Date: Annual Interest Rate Total Interest a. 6 % b. July 2 30 days May 31 August 1 September 6, Principal $612,000 118,000 135,400 $590 C. March 7 6 months

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