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Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days...

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Accounting

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 May 1May 31June 1August 1August 2August 31September 6September 7September 8 $804,000 6 % $
b. July 2 30 days May 1May 31June 1August 1August 2August 31September 6September 7September 8 108,000 % $540
c. March 7 6 months May 1May 31June 1August 1August 2August 31September 6September 7September 8 125,400 9 % $

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