Brief Exercise 8-08

Compute interest and find the maturity date for the following notes. (Round answers to 0 decimal places, e.g. 825. Use 360 days for calculation.)

		Date of Note		Principal		Interest Rate (%)		Terms
(a)		June 10		$84,000		8%		60 days
(b)		July 14		$52,400		9%		90 days
(c)		April 27		$12,000		10%		75 days

		Interest		Maturity Date
(a)		$enter the amount of interest in dollars rounded to 0 decimal places		select a maturity date June 30July 1July 10July 11July 12July 31August 1August 8August 9August 10September 30October 1October 11October 12October 13
(b)		$enter the amount of interest in dollars rounded to 0 decimal places		select a maturity date June 30July 1July 10July 11July 12July 31August 1August 8August 9August 10September 30October 1October 11October 12October 13
(c)		$enter the amount of interest in dollars rounded to 0 decimal places		select a maturity date June 30July 1July 10July 11July 12July 31August 1August 8August 9August 10September 30October 1October 11October 12October 13