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 1

60 days select a maturity date May 1May 30May 31June 1July 31August 1August 2August 31September 1September 6September 7September 8September 30 $510,000 14 %

$enter total interest in dollars rounded to 0 decimal places

(b)

July 2

30 days select a maturity date May 1May 30May 31June 1July 31August 1August 2August 31September 1September 6September 7September 8September 30 81,600

enter an annual Interest Rate in percentages rounded to 0 decimal places

% $884

(c)

March 7

6 months select a maturity date May 1May 30May 31June 1July 31August 1August 2August 31September 1September 6September 7September 8September 30 166,000 15 %

$enter total interest in dollars rounded to 0 decimal places

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