accounting 636
Determine the due date and the amount of interest due at maturity on the following notes:
|
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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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