Maturity Date | |||
Month | Day | Interest | |
a. | December | 3 | 20000*8%*120/365 = $526 |
b. | August | 9 | 50400*7%*90/365 = $870 |
c. | December | 14 | 72000*9%*45/365 = $799 |
d. | September | 4 | 13750*11%*60/365 = $249 |
e. | November | 14 | 27000*8%*60/365 = $355 |
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Question 6 Tries remaining: 1 Marked out of 2.00 P Hag question Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Round to the nearest dollar.) Date of Interest Note Principal Rate Term a. August 5 $20,000 8% 120 days b. May 10 50,400 7% 90 days c. October 30 72,000 9% 45 days d. July 6 13,750 11% 60 days e. September 15 27,000 8% 60 days Maturity Date...
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Round to the nearest dollar.) Date of Interest Note Principal Rate Term a. July 10 $7,200 94 90 days b. April 25 12,000 5 120 days May 19 11,200 7% 120 days d June 10 5.400 1145 days e. October 29 30,000 6% 75 days Maturity Date Month Day Interest Check Previous Save Answers
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Round to the nearest dollar.) Date of Interest Principal Rate Note Term 90 days $7,200 а. July 10 9% 5% 120 days b. April 25 12,000 7% 120 days C. May 19 11,200 45 days d. June 10 5,400 11% 75 days e. October 29 30,000 6%
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Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes Date of Note Face Amount Interest Rate a. January 10 $40,000 b. March 19 18,000 c. June 5 90,000 d. September 8 36,000 e. November 20 27,000 *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest (a) Apr. 10 Sept. 15 Term of Note 90 days 180...