Question: Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation.) Date of +A Note Terms Maturity Date
Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation.) Date of +A Note Terms Maturity Date Principal Annual Interest Rate April 60 June 1 $570,000 10 % 1 days 30 July 2 August 2 93,600 7.9 % days March 7 6 115,000 11 % months Total Interest A 9975 $702
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