Compute interest and find the maturity date for the following notes. Hint. Omit the date the...
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Compute interest and find the maturity date for the following notes. Hint. Omit the date the note is issued but include the due date. (a) (b) (c) (a) (b) Date of Note M 59 June 10 July 14 April 27 Principal $77,400 $54,400 $13,200 Interest Interest Rate (%) 8% 9% 10% Maturity Date 11 Terms 60 days 90 days 75 days Compute interest and find the maturity date for the following notes. Hint. Omit the date the note is issued but include the due date. (a) (b) (c) (a) (b) Date of Note M 59 June 10 July 14 April 27 Principal $77,400 $54,400 $13,200 Interest Interest Rate (%) 8% 9% 10% Maturity Date 11 Terms 60 days 90 days 75 days
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a 77400 8 60 days Interest Principal x Rate x Time 365 77400 x 8 x 60365 77400 x 0008 ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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