Determine the due date and the amount of interest due at maturity on the following notes: Face Amount a. $87,000 27,000 66,000 34,000 52,000 * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. Note b. C. d. e. Date of Note January 5 * February 15 * May 19 August 20 October 19 (a) (b) (c) (d) (e) Due Date Interest Interest Rate 1000 6% 4 8 5 7 Term of Note 120 days 30 days 45 days 90 days 90 days

Determine the due date and the amount of interest due at maturity on the following notes: Face Amount a. $87,000 27,000 66,000 34,000 52,000 * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. Note b. C. d. e. Date of Note January 5 * February 15 * May 19 August 20 October 19 (a) (b) (c) (d) (e) Due Date Interest Interest Rate 1000 6% 4 8 5 7 Term of Note 120 days 30 days 45 days 90 days 90 days

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

ChapterD: Notes Payable And Notes Receivable

Section: Chapter Questions

Problem 1P: Part A: Calculate the interest on the following notes: Part B: Determine the maturity dates on the...

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