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
$810,000
7%
$enter total interest in dollars rounded to 0 decimal places
(b)

July 2

30 days
select a maturity date
99,000
enter an annual Interest Rate in percentages rounded to 0 decimal places
%
$495
(c)

March 7

6 months
select a maturity date
180,000
8%
$enter total interest in dollars rounded to 0 decimal places

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