Question: A note for $662.00, dated October 29, 2006, with interest at 5.37% per annum, was issued for 270 days. What was the legal due date?


A note for $662.00, dated October 29, 2006, with interest at 5.37% per annum, was issued for 270 days. What was the legal due date? Ignore any grace period. .. The legal due date was The face value of an eight-month, 4.6% note dated April 30, 2005, is $1105.75. Determine each of the items listed below. Ignore any grace period. (a) the legal due date (c) the amount of interest (b) the interest period (in days) (d) the maturity value (a) The legal due date is (b) The interest period is days. (Type a whole number.) (c) The amount of interest is payable is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The maturity value of the note is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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