Question: Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note: Contract Date Interest
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note: Contract Date Interest Period of Note 1. March 18 Principal $21,000 Rate (Tern) 7% 60 days 2. May 24 24,000 9. 90 days 3. October 21 17,000 4 45 days Answer is complete but not entirely correct. Contract Date Maturity Month Maturity Interest Date Expenses 1. March 10 May 14 $ 245 2. May 24 August 5 $ 540 3. October 211 December 10 S 85
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