Calculate the due date, interest due, and maturity value of the following notes: Date of Note Face Amount Interest Rate Term of Note Due Date Interest Due Maturity Value a. 24-Apr $70,000 3% 60 days b. 13-Jul 30,000 5% 120 days c. 9-Aug 40,000 4% 45 days d. 12-Sep 60,000 8% 90 days e. 5-Nov 50,000 6% 30 days

Calculate the due date, interest due, and maturity value of the following notes: Date of Note Face Amount Interest Rate Term of Note Due Date Interest Due Maturity Value a. 24-Apr $70,000 3% 60 days b. 13-Jul 30,000 5% 120 days c. 9-Aug 40,000 4% 45 days d. 12-Sep 60,000 8% 90 days e. 5-Nov 50,000 6% 30 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Calculate the due date, interest due, and maturity value of the following notes:

	Date of Note	Face Amount	Interest Rate	Term of Note	Due Date	Interest Due	Maturity Value
a.	24-Apr	$70,000	3%	60 days
b.	13-Jul	30,000	5%	120 days
c.	9-Aug	40,000	4%	45 days
d.	12-Sep	60,000	8%	90 days
e.	5-Nov	50,000	6%	30 days