Question: Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to O decimal places, eg. 825. Round
Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to O decimal places, eg. 825. Round annual interest rate to O decimal places, eg. 15%. Use 360 days for calculation.) Date of Note Terms Maturity Date Principal Annual Interest Rate April 60 (a) $750,000 7 % $ 1 days 30 (b) July 2 77,200 % days March 6 (c) 110,000 8 % $ 7 months Total Interest $386
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