Question: Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation. Do not round Intermediate calculation Date of Note
Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation. Do not round Intermediate calculation Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest a. April 1 60 days $792,000 5% b. July 2 30 days 100,000 % $500 C. March 7 6 months 121,600 9%
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