Determine the due date and the amount of interest due at maturity on the following notes: Date

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Determine the due date and the amount of interest due at maturity on the following notes:

Date of Note Face Amount Interest Rate Term of Note January 15 April 1 30 days 90 days 45 days 120 days 50 days а. $25,000 6% b. 13,500 4 C. June 22 20,000 6. August 30 October 16 d. 45,000 8 е. 36,000 5. To simplify, use 360 days

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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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Question Posted: Oct 13, 2020 09:02 AM

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Determine the due date and the amount of interest due at maturity on the following notes: Date

Question:

Date of Note Face Amount Interest Rate Term of Note January 15 April 1 30 days 90 days 45 days 120 days 50 days а. $25,000 6% b. 13,500 4 C. June 22 20,000 6. August 30 October 16 d. 45,000 8 е. 36,000 5. To simplify, use 360 days per year to compute interest.

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Due Date Interest Due at Maturity a Feb 14 125 25000 00...View the full answer

Survey Of Accounting

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