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Category > Accounting Posted 19 Aug 2017 My Price 4.00

amount of interest

EX 8-19 Determine due date and interest on notes ObJ. 6 Determine the due date and the amount of interest due at maturity on the following notes dated in 2016:

Date of Note Face Amount Interest Rate Term of Note

a.	January 3 *	$80,000	6%	120 days
b.	February 20 *	27,000	4	30 days
c.	May 24	62,500	8	45 days
d.	August 30	30,000	5	90 days
e.	October 4	40,000	7	90 days

* February 2016 has 29 days.

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Status NEW Posted 19 Aug 2017 09:08 PM My Price 4.00

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