Homework Answers
Calculate following
| Due date | Interest due at maturity | |
| a | Jan 15+30 days = 14 Feb | 100955*7%*30/360 = 589 |
| b | Apr 1+90 days = 30 June | 11345*7%*90/360 = 199 |
| c | June 22+45 days = 6 August |
33775*12%*45/360 = 507 |
| d | Aug 30+120 days = 28 Dec | 20340*8%*120/360 = 542 |
| e | Oct 16+50 days = 5 Dec | 18620*10%*50/360 = 259 |
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