Question: Please answer question #25, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS ANSWERED INCORRECTLY. Thank you! Compute interest and find the maturity date for the following
Compute interest and find the maturity date for the following notes. (Round answers to decimal places, eg. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate (%) Terms (a) June 10 $78,000 8% 60 days (b) July 14 $47,200 9% 90 days (c) April 27 $12,000 10% 75 days Interest Maturity Date (a) $ 10.400 August 9 (b) $ 1,062 October 12 (c) $ 250 July 11
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