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Business, 03.12.2019 21:31 eblanch86

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
* february 2016 has 28 days.

assume 360 days in a year when computing the interest.

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Determine due date and interest on notes

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