Question: Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Face Amount
Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Face Amount Interest Rate Term of Note Date of Note a. January 10* 5% 90 days $40,000 18,000 b. March 19 8 180 days C. June 5 90,000 7 30 days 3 90 days d. September 8 e. November 20 36,000 27,000 4 60 days *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest a. b. C. d. HL e
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