Question: EX 9 - 1 9 Determine due date and interest on notes Determine the due date and the amount of interest due at maturity on

EX 9-19 Determine due date and interest on notes
Determine the due date and the amount of interest due at maturity on the following
notes:
Date of Note Face Amount Interest Rate
Term of Note
a. May 2 $80,0006%120 days
b. March 21 $27,0004%30 days
c. July 8 $62,5008%45 days
d. November 28 $30,0005%90 days
e. January 2 $40,0007%90 days
Please note for the interest rate on the excel spreadsheet, please enter the rate as
a whole number, e.g., enter 8% as 8 in and for the Portion of Year enter the
portion of the year as a fraction with an equal sign, such as =120/360. The interest
you will then need to compute the formula.

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