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 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

 

    • 7 years ago
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