Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the follow
Posted: Thu May 19, 2022 12:53 pm
- Determine Due Date And Interest On Notes Determine The Due Date And The Amount Of Interest Due At Maturity On The Follow 1 (70.37 KiB) Viewed 60 times
and calculation
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 Face Amount Interest Rate Term of Note a. January 10* $40,000 5% 90 days b. March 19 18,000 8 180 days c. June 5 90,000 7 30 days d. September 8 36,000 3 90 days e. November 20 27,000 4 60 days *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest a. Apr. 10 2,000 X b. Sept. 15 1,440 X c. July 5 6,300 X d. Dec. 7 1,080 X e. Jan. 19 1,080 X