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Question 2 Compute the unknowns for the following transactions dealing with interest on notes receivable. 365 days per year. Round your answers to the nearest
Question 2
- Compute the unknowns for the following transactions dealing with interest on notes receivable.
365 days per year. Round your answers to the nearest dollar.
Principal Rate | Interest | Duration | Interest Value | Maturity |
$10,000 | 10% | 120 days | E | G |
$25,000 | 12% | C | $2,515 | H |
A | 6% | 180 days | $2,959 | I |
$50,000 | B | 60 days | $493 | J |
$36,000 | 9% | D | F | $36,710 |
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