ACCT 300 - Problem 6-02 guide

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✓ Feb. 20, $450

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

a. January 6              $40,000                        9%                               45 days

b. March 23               9,000                         10                                60 days

c.May 30                   12,000                        12                                90 days

d.August 30             18,000                         10                                120 days

 

e.October 1              10,500                         8                                  60 days

    • 6 years ago
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