Question: Please answer problem #5, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Presented below are data on three promissory notes. Determine the missing amounts.
Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to decimal places, eg. 825. Round annual interest rate to decimal places, es. 15%. Use 360 days for calculation) Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest April 1 a) 60 days V $ 510.000 10 % $ b) 30 days 96 July 2 79,600 $ 597
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