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Compute interest and find the maturity date for the following notes. Hint: Omit the date the note is issued but include the due date Date of Note Principal Interest Rate (%) Terms (a) June 10 $81,600 7% 60 days (b) July 14 $54,700 8% 90 days (c) April 27 $11,200 9% 75 days (a) $ Interest Maturity Date August 9 (b) $ October 12 (c) $ July 11

Compute interest and find the maturity date for the following notes. Hint: Omit the date the note is issued but include the due date Date of Note Principal Interest Rate (%) Terms (a) June 10 $81,600 7% 60 days (b) July 14 $54,700 8% 90 days (c) April 27 $11,200 9% 75 days (a) $ Interest Maturity Date August 9 (b) $ October 12 (c) $ July 11

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute interest and find the maturity date for the following notes. Hint: Omit the date the note is issued but include the due date. Date of Note Principal Interest Rate (%) Terms (a) June 10 $81,600 7% 60 days (b) July 14 $54,700 8% 90 days (c) April 27 $11,200 9% 75 days C (a) Interest Maturity Date August 9 (b) $ October 12 (c) +A $ July 11
Transcribed Image Text:Compute interest and find the maturity date for the following notes. Hint: Omit the date the note is issued but include the due date. Date of Note Principal Interest Rate (%) Terms (a) June 10 $81,600 7% 60 days (b) July 14 $54,700 8% 90 days (c) April 27 $11,200 9% 75 days C (a) Interest Maturity Date August 9 (b) $ October 12 (c) +A $ July 11
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