=+Determine the due date, the amount ofinterest due at maturity, and the maturity value on the following
Question:
=+Determine the due date, the amount ofinterest due at maturity, and the maturity value on the following notes:
Date ofNote Face Amount Interest Rate Term ofNote
a. March 6 $15,000 9% 60 days
b. May 20 8,000 10 60 days
c. June 2 5,000 12 90 days
d. August 30 18,000 10 120 days
e. October 1 10,500 12 60 days E6-3 Nature ofuncollectible accounts Obj 2
/
a. 19.9%
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