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Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of...

Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.)

Date of
Note

Principal
Interest
Rate

Term
a. August 5 $12,000 8% 45 days
b. May 10 33,600 7% 75 days
c. October 20 48,000 9% 120 days
d. July 06 9,000 10% 45 days
e. September 15 18,000 8% 90 days

Solutions

Expert Solution

Maturity Dates:

Interest:


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