Question: Part A: Calculate the interest on the following notes: Part B: Determine the maturity dates on the following notes: Date of Issue Life of Note

Part A: Calculate the interest on the following notes:

Part A: Calculate the interest on the following notes:


Part B: Determine the maturity dates on the following notes:

Date of Issue                              Life of Note 

1. January 18 ……………………..    90 days

2. February 12 ……………………     6 months

3. June 21 ………………………..      60 days

4. September 10 …………………    4 months

5. November 17 …………………   30 days

Principal 1. $14,600 2. 11,200 3. 6,400 4. 9,500 5 3,500 Number of Days 30 days 60 days 90 days 120 days Interest Rate (percent) 5.5% 6.5 6 3 months

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