Using 360 days as the denominator, calculate interest for the following notes using the formula I =

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Using 360 days as the denominator, calculate interest for the following notes using the formula I = P × R ×T.

Principal Rate Time Interest 6.00% 7.50 $5,000 1,000 4,500 950 30 days 60 120 8.00 6.80 7.25 95 1,250 2,900 102 90 7.00
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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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