Question: The following are data on three promissory notes. Determine the missing amounts. (Round answers to O decimal places, e.g. 5,275 Use 360 days for calculation
The following are data on three promissory notes. Determine the missing amounts. (Round answers to O decimal places, e.g. 5,275 Use 360 days for calculation Date of Note Terms Maturity Date Principal (a) April 1 O 60 days $802,800 Annual Interest Rate Total Interest 5 % $ 72,000 (b) July 2 30 days 128,400 10 % (c) March 7 6 months
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