%24 %24 %24 00 10. October 27, 2010 120 days February 24, 2011 From the information given below, calculate the accrued interest for the following notes (round to two decimal places, if necessary). Assume 360 da in a year.: Interest Accrued Principal Rate Time Interest 11. $2,200 9.5% 45 days 12. 2,500 12.5% 60 days 10.75% 90 days 3. 30 days 24 14. 15. 120 days Previous Next Submit Test for Gradi All work saved. dp delete home prt sc 144 114 04 backspace 6 5. D.

Calculating Interest Using 360 days as the denominator, calculate interest for the following notes using the formula I = P x R × T. Round your answers to the nearest cent. Principal Rate Time Interest $5,000 6.00% 30 days 1,000 7.50 60 4,500 8.00 120 %24 950 6.80 95 1,250 7.25 102 2,900 7.00 90 %24 %24

Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to O decimal places, e.g. 825. Round annual interest rate to 0 decimal places, e.g. 15%. Use 360 days for calculation.) (a) (b) (c) Date of Note April 1 July 2 March 7 Terms 60 days 30 days 6 months Maturity Date Principal $780,000 80,400 165,000 Annual Interest Rate 15 % % 16 % $ $ Total Interest $938

Exercise 3-19A (Algo) Preparing a trial balance LO 3-3 Required On December 31, Year 2, Morgan Company had the following normal account balances in its general ledger. Use this information to prepare a trial balance. Land Unearned Revenue Dividends Prepaid Rent Cash Salaries Expense Accounts Payable Common Stock Operating Expenses Office Supplies Advertising Expense Retained Earnings, Beginning Service Revenue Accounts Receivable Totals MORGAN COMPANY Trial Balance December 31, Year 2 Account Titles Debit $19,250 19,100 4,600 6,700 60,740 15,500 2,290 21,000 13,600 1,850 2,400 19,990 68,800 6,540 Credit

Assuming a 360-day year, when a $11,200, 90-day, 5% interest-bearing note payable matures, the total payment will be Oa. $560 Ob. $140 Oc. $11,760 Od. $11,340 0 0 0 0

Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Round to the nearest dollar.)\table[[,\table[[Date of], [Note]], Interest,], [a., August 5, $12,000,9%, 120 days], [b., May 10, 33,600,7%, 90 days ], [c., October 20, 48,000, 12%, 45 days], [d., July 16,9,000, 10%, 60 days], [e., September 15, 19,000,7%,75 days]]

Just as a heads up in the question it mentions ordinary interest, ordinary interest is 360 days instead of the full 365 days a year

Interest on note: $1,137.50interest rate: 10%Note dated: 3/17/2024Note due date: 10/13/2024Days in year (ordinary interest) 3601.What is the term of the loan (in days)?2. What is the principal in on the note?

A B E 2 Determine the maturity date and compute interest for each note. 3 Days to be used per year 360 days 4 Note Contract Date Principal Interest Rate Period of Note (Term) 6. 1 1-Mar $10,000 6% 60 days 7 2 15-May 15,000 8% 90 days 8 3 20-Oct 8,000 4% 45 days 9. 10 Required: 11 12 (Use cells A5 to F8 from the given information to complete this question.) 13 14 Note Contract Date Maturity Date Interest Expense 15 16 17 3 18

Compute for the Effective Interest Rate Payment Period = Quarter 1. 10% Compounded Yearly = Blank 1 2. 10% Compounded Semi-annually = Blank 2 3. 10% Compounded Quarterly = Blank 3 4. 10% Compounded Bi-monthly Blank 4 5. 10% Compounded Monthly Blank 5 6. 10% Compounded Continuously Blank 6