Question: Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation.) Date of Note Terms Maturity Date Principal

Presented below are data on three promissory notes. Determine the missing amounts.

Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation.) Date of Note Terms Maturity Date Principal Annual Interest Rate 60 April 1 May 31 $796,800 5 % $ days 30 July 2 August 1 100,000 % days 6 March 7 September 7 121,600 9 % $ months Total Interest $500

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