Question: Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to 0 decimal places, e.g. 825. Round annual
Presented below are data on three promissory notes.
Determine the missing amounts.(Round answers for Total Interest to 0 decimal places, e.g. 825. Round annual interest rate to 0 decimal places, e.g. 15%. Use 360 days for calculation.)
Date of Note
Terms
Maturity Date
Principal
Annual Interest Rate
Total Interest
(a)April 160 daysselect a maturity date
May 1
May 30
May 31
June 1
July 31
August 1
August 2
August 31
September 1
September 6
September 7
September 8
September 30
$770,0009%$
enter total interest in dollars rounded to 0 decimal places
(b)July 230 daysselect a maturity date
May 1
May 30
May 31
June 1
July 31
August 1
August 2
August 31
September 1
September 6
September 7
September 8
September 30
78,000enter an annual Interest Rate in percentages rounded to 0 decimal places
%$520(c)March 76 monthsselect a maturity date
May 1
May 30
May 31
June 1
July 31
August 1
August 2
August 31
September 1
September 6
September 7
September 8
September 30
125,00010%$
enter total interest in dollars rounded to 0 decimal places
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