OBJ. 6 EX 9-19 Determine due date and interest on notes Determine the due date and the amount of interest due at maturity on the following notes dated in 2016: Date of Note Face Amount Interest Rate Term of Note 120 days 30 days 45 days 90 days 90 days 6% January 3* February 20* May 24 August 30 October 4 $80,000 a. b. 27,000 8 62,500 30,000 C. d. e. 40,000 7 February 2016 has 23 days

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ter 9 Receivables
OBJ. 6
EX 9-19 Determine due date and interest on notes
,600
Determine the due date and the amount of interest due at maturity on the following
notes dated in 2016:
Date of Note
Face Amount
Interest Rate
Term of Note
120 days
30 days
45 days
90 days
90 days
$80,000
6%
January 3*
February 20*
May 24
August 30
October 4
a.
b.
27,000
4.
C.
62,500
8
d.
30,000
e.
40,000
* February 2016 has 23 days
Transcribed Image Text:ter 9 Receivables OBJ. 6 EX 9-19 Determine due date and interest on notes ,600 Determine the due date and the amount of interest due at maturity on the following notes dated in 2016: Date of Note Face Amount Interest Rate Term of Note 120 days 30 days 45 days 90 days 90 days $80,000 6% January 3* February 20* May 24 August 30 October 4 a. b. 27,000 4. C. 62,500 8 d. 30,000 e. 40,000 * February 2016 has 23 days
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