Determine the maturity date and compute the interest for the following note payable with add- on interest: Date of Note Principal Interest Rate (%) Term Sep-15 1,200 8% 75 days
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- Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note Due Date Interest (1) Jun 1 $20,000 3% 40 days (2) June 30 9,000 3% 180 days (3) March 30 12,000 5% 45 days (4) March 1 10,000 5% 60 days (5) January 15 8,000 4% 60 daysPlease provide an answer as per the possibilityDetermine the due date and the amount of interest due at maturity on the following note: please answer the financial accounting question
- Compute the maturity date and interest for the following notes.( use 360 days for calculation) Dates of notes Terms Principal Interest Rate a. April 17 45 days 48,000 3% b. August 11 2 months 72,000. 7% Maturity date. Interest a. ? $? b. ? $?General AccountingMaturity Dates of Notes PayableDetermine the maturity date and compute the interest for each of the following notes payable with add-on interest:Use 360 days for calculations and round to the nearest dollar. Date of note Principal Interest Rate (%) Term a. August 5 $17,000 8% 120 days b. May 10 10,400 7% 90 days c. October 20 14,000 9% 60days d. July 6 6,500 10% 75 days e. September 15 15,500 8% 75 days For the maturity date, select the appropriate month using the drop-down menu and enter the correct day next to the month using the fill-in the blank answer box. Maturity Date Interest a. Answer Answer Answer b. Answer Answer Answer c. Answer Answer Answer d. Answer Answer Answer e. Answer Answer Answer
