Determine the due date and the amount of interest due at maturity for the following notes. Assume
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Question:
Determine the due date and the amount of interest due at maturity for the following notes. Assume 360 days per year.
Origin Date | Face Quantity | Term of note | interest rate | Maturity Date | Interest Amount | |
a. | March, 15th | $8,000 | 60 days | 9% | ps | |
b. | Mayo 1 | $12,000 | 90 dias | 8% | ps |
Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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