accounting 637
Determine the due date and the amount of interest due at maturity on the following notes:
Date of Note |
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Interest Rate |
Term of Note |
|
---|---|---|---|---|
a. |
January 6 |
$40,000 |
9% |
45 days |
b. |
March 23 |
9,000 |
10 |
60 days |
c. |
May 30 |
12,000 |
12 |
90 days |
d. |
August 30 |
18,000 |
10 |
120 days |
e. |
October 1 |
10,500 |
8 |
60 days |