determine the due date and the amount of interest due at maturity on the following n 554142
EX 9-19 Determine due date and interest on notes
Determine the due date and the amount of interest due at maturity on the following notes:
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determine the due date and the amount of interest due at maturity on the following n 554142
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|
Date of Note |
Face Amount |
Interest Rate |
Term of Note |
|
|
a. |
15-May |
$40,000 |
6% |
90 days |
|
b. |
20-Mar |
15,000 |
4 |
60 days |
|
c. |
19-May |
24,000 |
3 |
60 days |
|
d. |
1-Oct |
10,500 |
8 |
60 days |
|
e. |
30-Aug |
18,000 |
5 |
120 days |
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