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Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Rou

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Answer #1
Interest Maturity Date
a.

($7200 * 9% * 90/360)

=$162

8 October
b.

($12000 * 5% * 120/360)

=$200

23 August
c.

($11200 * 7% * 120/360)

=$261.33

16 September
d.

($5400 * 11% * 45/360)

=$74.25

25 July
e.

($30000 * 6% * 75/360)

=$375

12 January
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