Question: Brief Exercise 8-08 Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Note Principal Interest Rate

Brief Exercise 8-08

Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.)

Date of Note

Principal

Interest Rate (%)

Terms

Interest

Maturity Date
(a) June 10 $82,800 10% 60 days $

July 10July 11July 12August 8August 9August 10October 11October 12October 13October 14
(b) July 14 $52,800 11% 90 days $

July 10July 11July 12August 8August 9August 10October 11October 12October 13October 14
(c) April 27 $36,000 12% 75 days $

July 10July 11July 12August 8August 9August 10October 11October 12October 13October 14

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