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Determine the due date and amount of interest due at maturity on the following notes Origination Face amount Tern of Note Interest rate Maturity Interest Date a Mar 15 8,000 60days 9%

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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Question

Determine the due date and amount of interest due at maturity on the following notes

Origination Face amount Tern of Note Interest rate Maturity Interest

Date

a Mar 15 8,000 60days 9%

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