Question: Determine the maturity date and compute the interest for each of the following notes payable: (Use 360 as the denominator when calculating the interest amount.
Determine the maturity date and compute the interest for each of the following notes payable: (Use 360 as the denominator when calculating the interest amount. Round to a whole number.) Date of Note Principal Interest Rate (%) Term a. July 10 $36,000 9 90 days b. April 14 30,000 8 120 days c. May 19 28,000 7.5 120 days d. June 10 27,000 8 45 days e. October 29 37,500 8 75 days Maturity Date Interest at Month Day Maturity a. Answer October Answer 5 Answer 798.9 b. Answer August Answer 14 Answer 0 c. Answer September Answer 4 Answer 0 d. Answer July Answer 4 Answer 0 e. Answer January Answer 28 Answer 0
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