10-2A Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: Date of Note Principal Interest Rate Term August 5 $15,000 9% 120 days May 10 8,400 7 90 days October 5 12,000 9 45 days July 6 4,500 10 60 days September 15 12,000 8 75 days
E10-2A Maturity Dates of Notes Payable
Determine the maturity date and compute the interest for each of the following notes payable with add-on interest:
Date of Note Principal Interest Rate Term
August 5 $15,000 9% 120 days
May 10 8,400 7 90 days
October 5 12,000 9 45 days
July 6 4,500 10 60 days
September 15 12,000 8 75 days
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