mattmore0312
16.04.2020 •
Business
Determine due date and interest on notes 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 5 * $85,000 7% 120 days b. February 15 * 18,000 4 45 days c. May 19 62,000 5 60 days d. August 20 32,800 7 90 days e. October 19 53,000 5 90 days * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
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