Homework Answers
- Requirement
|
Date of Note |
Terms |
Maturity Date |
Principal |
Annual Interest rate |
Total Interest |
|
|
a |
01-Apr |
60 days |
31-May |
$610,000 |
15% |
$15,250 |
|
b |
02-Jul |
30 days |
01-Aug |
$84,000 |
14% |
$980 |
|
c |
07-Mar |
6 months |
07-Sep |
$110,000 |
16% |
$8,800 |
--Working
|
Date of Note |
Terms |
Maturity Date |
Principal |
Annual Interest rate |
Total Interest |
|
|
a |
01-Apr |
60 days |
31-May |
610000 |
0.15 |
=610000*15%*60/360 |
|
b |
02-Jul |
30 days |
01-Aug |
84000 |
=+(980*360/30)/84000 |
980 |
|
c |
07-Mar |
6 months |
07-Sep |
110000 |
0.16 |
=110000*16%*6/12 |
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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...
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 %
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
Terms
Maturity
Date
Principal
Annual
Interest Rate
Total
Interest
a.
April 1
60 days
$900,000
5
%
$
b.
July 2
30 days
78,000
%
$520
c.
March 7
6 months
129,800
9
%
$
Compute interest and find the maturity date for the following notes. (Round answers to O decimal...
Compute interest and find the maturity date for the following notes. (Round answers to O decimal places, e.g. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate (%) Terms June 10 $87,900 ཆུ 8% 60 days (b) July 14 $55,600 9% 90 days April 27 $12,240 10% 75 days Interest Maturity Date
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) $
Compute interest and find the maturity date for the following notes. (Round answers to decimal places,...
Compute interest and find the maturity date for the following notes. (Round answers to decimal places, e.g. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate (%) Terms (a) June 10 $80,000 6% 60 days (b) July 14 $50,000 7% 90 days (c) April 27 $12,000 8% 75 days Interest Maturity Date (a) $ 789 August 9 (b) $ 780 863 97) 863 October 12 C $ C 1 197 पी July 11 July 21
Your answer is partially correct. Compute interest and find the maturity date for the following notes....
Your answer is partially correct. Compute interest and find the maturity date for the following notes. (Round answers to O decimal places, e.g. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate(%) Terms la) June 10 $80,000 60 days $50,000 90 days (b) (c) July 14 April 27 $12,000 8% 75 days Interest Maturity Date (ə) $ 1 August 9 %
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, e.g. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate (%) Terms (a) June 10 $75,600 6% 60 days (b) July 14 $48,400 7% 90 days (c) April 27 $12,840 8% 75 days Interest Maturity Date (a) $enter the amount of interest in dollars rounded to 0 decimal places select a maturity date ...
Compute interest and find the maturity date for the following notes. (Round answers to O decimal...
Compute interest and find the maturity date for the following notes. (Round answers to O decimal places, eg. 825) Date of Note Principal (a) ne 10 (b) July 14 (c) April 27 $ 84,110 54,900 $12,670 Interest Rate (%) 6% 7% 8% Terms 60 days 90 days 75 days Interest Maturity Date (a) $ August 9 (b) $ October 12 (c) $ July 11 eTextbook and Media List of Accounts
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 %
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
Terms
Maturity
Date
Principal
Annual
Interest Rate
Total
Interest
a.
April 1
60 days
$900,000
5
%
$
b.
July 2
30 days
78,000
%
$520
c.
March 7
6 months
129,800
9
%
$
Compute interest and find the maturity date for the following notes. (Round answers to O decimal places, e.g. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate (%) Terms June 10 $87,900 ཆུ 8% 60 days (b) July 14 $55,600 9% 90 days April 27 $12,240 10% 75 days Interest Maturity Date
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) $
Compute interest and find the maturity date for the following notes. (Round answers to decimal places, e.g. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate (%) Terms (a) June 10 $80,000 6% 60 days (b) July 14 $50,000 7% 90 days (c) April 27 $12,000 8% 75 days Interest Maturity Date (a) $ 789 August 9 (b) $ 780 863 97) 863 October 12 C $ C 1 197 पी July 11 July 21
Your answer is partially correct. Compute interest and find the maturity date for the following notes. (Round answers to O decimal places, e.g. 825. Use 360 days for calculation.) Date of Note Principal Interest Rate(%) Terms la) June 10 $80,000 60 days $50,000 90 days (b) (c) July 14 April 27 $12,000 8% 75 days Interest Maturity Date (ə) $ 1 August 9 %
Compute interest and find the maturity date for the following notes. (Round answers to O decimal places, eg. 825) Date of Note Principal (a) ne 10 (b) July 14 (c) April 27 $ 84,110 54,900 $12,670 Interest Rate (%) 6% 7% 8% Terms 60 days 90 days 75 days Interest Maturity Date (a) $ August 9 (b) $ October 12 (c) $ July 11 eTextbook and Media List of Accounts
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