Question: Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation. Do not round intermediate calculations.) Date of
Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation. Do not round intermediate calculations.) Date of Note Terms Maturity Date Principal a. April 1 60 days $804,000 b. July 2 30 days 108,000 Annual Interest Rate 6 % % 67 $ c. March 7 6 months 125,400 9 % $ Total Interest $540
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