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Vauxall Holdings showed the following information regarding its notes receivable: Note Date of Note Principal Interest Rate Term Maturity Date Days of Accrued Interest at
Vauxall Holdings showed the following information regarding its notes receivable:
Note | Date of Note | Principal | Interest Rate | Term | Maturity Date | Days of Accrued Interest at Dec. 31, 2023 | Accrued Interest at Dec. 31, 2023* | |||||||||
1 | Nov. | 1/22 | $ | 250,000 | 4.0% | 180 days | ||||||||||
2 | Jan. | 5/23 | 104,000 | 5.0% | 90 days | |||||||||||
3 | Nov. | 20/23 | 94,000 | 4.5% | 45 days | |||||||||||
4 | Dec. | 10/23 | 125,000 | 5.5% | 30 days | |||||||||||
*Round calculations to the nearest whole cent. Required: For each of Vauxall Holdings note receivable given below: (Do not round intermediate calculations. Round the "Amount of Accrued Interest at Dec. 31, 2023" answers to 2 decimal places.)
- Determine the maturity date.
- Calculate the days of accrued interest, if any, at December 31, 2023 (Vauxall Holdings' year-end).
- Calculate the amount of accrued interest, if any, at December 31, 2023.
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