The following are data on three promissory notes. Determine the missing amounts. (Round answers to O decimal places, e.g. 5,275. Use 360 days for calculation.) Maturity Date of Note Terms Date Principal (a) April 1 60 days $842,400 Annual Interest Rate 5 % $ (b) July 2 30 days 100,800 % (c) March 7 6 months 129,600 10 % $ 67 Total Interest $504
The following are data on three promissory notes. Determine the missing amounts. (Round answers to O decimal places, e.g. 5,275. Use 360 days for calculation.) Maturity Date of Note Terms Date Principal (a) April 1 60 days $842,400 Annual Interest Rate 5 % $ (b) July 2 30 days 100,800 % (c) March 7 6 months 129,600 10 % $ 67 Total Interest $504
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The following are data on three promissory notes.
Determine the missing amounts. (Round answers to O decimal places, e.g. 5,275. Use 360 days for calculation.)
Maturity
Date of Note Terms
Date
Principal
(a) April 1
60 days
$842,400
Annual
Interest Rate
5 %
$
(b)
July 2
30 days
100,800
%
(c)
March 7
6 months
129,600
10 %
$
67
Total
Interest
$504](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F24dc6e98-c8af-4d8b-8b32-07d76b901d13%2F9e5bc7e9-b967-4b28-af2f-4f005e704341%2F96abosj_processed.png&w=3840&q=75)
Transcribed Image Text:The following are data on three promissory notes.
Determine the missing amounts. (Round answers to O decimal places, e.g. 5,275. Use 360 days for calculation.)
Maturity
Date of Note Terms
Date
Principal
(a) April 1
60 days
$842,400
Annual
Interest Rate
5 %
$
(b)
July 2
30 days
100,800
%
(c)
March 7
6 months
129,600
10 %
$
67
Total
Interest
$504
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