accounting 636

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

 

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