Determine Due Date and Interest on Notes Determine the due date and the amount of...
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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 Term of Note January 5 * $83,000 February 15 * 18,000 May 19 68,000 August 20 35,200 October 19 54,000 * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. a. b. C. d. e. Note (a) (b) (c) (d) (e) Due Date Face Amount Interest 00000 Interest Rate 6% 4 8057 120 days 30 days 45 days 90 days 90 days
Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest
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