Acc100 6

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Presented below are data on three promissory notes.

Determine the missing amounts. (Use 360 days for calculation.)

  
Date of
Note
 

Terms
 
Maturity
Date
 

Principal
 
Annual
Interest Rate
 
Total
Interest
(a) April 1 60 days  $600,000 6% $ 90,000  120,000 10% $[removed]
    • 11 years ago
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      maturity_date.docx