Question

From the information given below, compute the time in days for the following notes:

	Date of Note	Due Date	Time in Days
1.	June 28, 2010	August 10, 2010		days
2.	March 5, 2010	August 12, 2010		days
3.	April 20, 2010	July 17, 2010		days
4.	January 12, 2010	May 15, 2010		days
5.	December 17, 2010	February 2, 2011		days

From the information given below, determine the due date for the following notes:

	Date of Note	Time in Days/Months	Due Date
6.	February 14, 2010	45 days
7.	March 13, 2010	60 days
8.	May 15, 2010	3 months
9.	November 15, 2010	30 days
10.	October 27, 2010	120 days

From the information given below, calculate the accrued interest for the following notes (round to two decimal places, if necessary). Assume 360 days in a year.:

	Principal	Interest           Rate	Time	Accrued       Interest
11.	$2,200	9.5%	45 days	$
12.	2,500	12.5%	60 days	$
13.	2,800	10.75%	90 days	$
14.	3,300	8.9%	30 days	$
15.	4,800	7.3%	120 days	$

Answer 1

Date of Note	Due Date	Time in Days
June 28, 2010	August 10, 2010	43
March 5, 2010	August 12, 2010	160
April 20, 2010	July 17, 2010	88
January 12, 2010	May 15, 2010	123
December 17, 2010	February 2, 2011	47

Date of Note	Time in Days	Due Date
February 14, 2010	45 Days	Mar 31, 2010
March 13, 2010	60 Days	May 12, 2010
May 15, 2010	3 months	Aug 15, 2010
November 15, 2010	30 Days	Dec 15, 2010
October 27, 2010	120 Days	Feb 24, 2011

Principal	Interest Rate	Time	Accrued interest
$                2,200.00	9.50%	45	$                  26.13
$                2,500.00	12.50%	60	$                  52.08
$                2,800.00	10.75%	90	$                  75.25
$                3,300.00	8.90%	30	$                  24.48
$                4,800.00	7.30%	120	$               116.80