Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for...
Presented below are data on three promissory notes.
Determine the missing amounts. (Use 360 days for
calculation. Do not round intermediate
calculations.)
|
Date of Note |
|
Maturity |
|
Annual |
Total |
||||||||
| a. | April 1 | 60 days |
|
$900,000 | 5 | % | $
|
||||||
| b. | July 2 | 30 days |
|
78,000 |
|
% | $520 | ||||||
| c. | March 7 | 6 months |
|
129,800 | 9 | % | $
|
||||||
Homework Answers
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Presented below are data on three promissory notes.
Determine the missing amounts. (Use 360 days for...
Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total...
Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to O decimal places, e.g. 825. Round annual interest rate to O 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 $610,000 15% $ (b) July 2 30 days 84,000 $980 March 7 6 months 110,000 16% $
Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total...
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 O 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 May 31 $750,000 8% $ (b) July 2 30 days August 1 84,000 $490 August 1 September 7 (c) March 7 6 months 150,000 9%...
Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to...
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.) Principal Date of Note Maturity Date Total Interest Terms Annual Interest Rate 60 days $510,000 14 % (a) April 1 May 31 30 days 81,600 $884 (b) July 2 July 31 6 months 166,000 15 % (c) March 7 September 1
Brief Exercise 8-8 Presented below are data on three promissory notes. Determine the missing amounts. (Round...
Brief Exercise 8-8 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 an Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest 60 days (a) April 1 $648,000 9 % 30 days (b) July 2 $682 90,920 % (c) March 7 6 months 113,270 10 %
Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.)...
Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Note Interest Rate (%) Principal Terms Interest Maturity Date a. June 10 $43,200 10% 60 days $ b. July 14 $36,000 11% 90 days $ C. April 27 $18,000 12% 75 days $ $ e Textbook and Media
RCES Question 16 Compute the missing amounts for each of the following notes. (Use 360 days...
RCES Question 16 Compute the missing amounts for each of the following notes. (Use 360 days for calculations.) Principal Annual Interest Rate Time Total Interest (a) 5 9% 120 days $660 10% udy. $31,400 3 years s @ $69,440 5 months $1,736 @ $70,500 8% $1,880 months LINK TO TEXT
Compute interest and find the maturity date for the following notes. (Round answers to 0 decimal...
Compute interest and find the maturity date for the following notes. (Round answers to 0 decimal places, eg. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate (%) Terms June 10 $78,000 8% 60 days $47,200 9 % 90 days (b) (6) July 14 April 27 $12,000 10% 75 days Interest Maturity Date (a) $ (c) $
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do...
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 1 May 15 October 20 Principal $10,000 15,000 8,000 Interest Period of Note Rate (Term 60 days 90 days 45 days Contract Date Maturity Month - Maturity Date Interest Expenses 1. March 1 2. May 15 3. October 20
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do...
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note 1. Interest Rate Contract Date Principal March 13 $21,000 May 05 27,000 October 20,000 5$ Period of Note (Term) 60 days 90 days 45 days 24 Maturity Month Maturity Date Interest Expenses Contract Date 1. March 13 2. May 05 3. October 24
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do...
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 18 May 10 October 19 Interest Rate 5% 1. Period of Note (Term) 60 days 90 days 45 days Principal $27,000 32,000 20,000 2. 3. Maturity Month Maturity Date Interest Expenses Contract Date 1. March 18 2. May 10 3. October 19
Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to O decimal places, e.g. 825. Round annual interest rate to O 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 $610,000 15% $ (b) July 2 30 days 84,000 $980 March 7 6 months 110,000 16% $
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 O 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 May 31 $750,000 8% $ (b) July 2 30 days August 1 84,000 $490 August 1 September 7 (c) March 7 6 months 150,000 9%...
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.) Principal Date of Note Maturity Date Total Interest Terms Annual Interest Rate 60 days $510,000 14 % (a) April 1 May 31 30 days 81,600 $884 (b) July 2 July 31 6 months 166,000 15 % (c) March 7 September 1
Brief Exercise 8-8 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 an Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest 60 days (a) April 1 $648,000 9 % 30 days (b) July 2 $682 90,920 % (c) March 7 6 months 113,270 10 %
Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Note Interest Rate (%) Principal Terms Interest Maturity Date a. June 10 $43,200 10% 60 days $ b. July 14 $36,000 11% 90 days $ C. April 27 $18,000 12% 75 days $ $ e Textbook and Media
RCES Question 16 Compute the missing amounts for each of the following notes. (Use 360 days for calculations.) Principal Annual Interest Rate Time Total Interest (a) 5 9% 120 days $660 10% udy. $31,400 3 years s @ $69,440 5 months $1,736 @ $70,500 8% $1,880 months LINK TO TEXT
Compute interest and find the maturity date for the following notes. (Round answers to 0 decimal places, eg. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate (%) Terms June 10 $78,000 8% 60 days $47,200 9 % 90 days (b) (6) July 14 April 27 $12,000 10% 75 days Interest Maturity Date (a) $ (c) $
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 1 May 15 October 20 Principal $10,000 15,000 8,000 Interest Period of Note Rate (Term 60 days 90 days 45 days Contract Date Maturity Month - Maturity Date Interest Expenses 1. March 1 2. May 15 3. October 20
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note 1. Interest Rate Contract Date Principal March 13 $21,000 May 05 27,000 October 20,000 5$ Period of Note (Term) 60 days 90 days 45 days 24 Maturity Month Maturity Date Interest Expenses Contract Date 1. March 13 2. May 05 3. October 24
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 18 May 10 October 19 Interest Rate 5% 1. Period of Note (Term) 60 days 90 days 45 days Principal $27,000 32,000 20,000 2. 3. Maturity Month Maturity Date Interest Expenses Contract Date 1. March 18 2. May 10 3. October 19
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