At 9% determine the date of equivelance between the two following notes: $7800 with a due date on May 31 $7880 with a due date on July 10
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- What is the due date of a $12,000 90-day, 8% note receivable dated August 5?Find the simple interest for the following: A promissory note for $8500 at 7.3% made onSeptember 22nd and due March 6. [Give answer to two decimal places]Compute the due date, amount of interest and total cash received on the maturity date for the following notes receivable: 1-Date of Note: May 30; $24,000, 9%, 120 days 2-Date of Note March1; $32,500, 8%, 90 days 3-Date of Note November6; $400,000, 12%; 5months
- Compute the maturity value as indicated for each of the following notes receivable. A. A $9,000, 6%, 3-month note dated July 20. Maturity value $____________. B. A $16,000, 9%, 150-day note dated August 5. Maturity value $____________.Calculate the due date, interest due, and maturity value of the following notes: Date of Note Face Amount Interest Rate Term of Note Due Date Interest Due Maturity Value a. 24-Apr $70,000 3% 60 days b. 13-Jul 30,000 5% 120 days c. 9-Aug 40,000 4% 45 days d. 12-Sep 60,000 8% 90 days e. 5-Nov 50,000 6% 30 daysCompute the maturity date and the maturity value associated with each of the following notes receivables. (Use 360 days for calculation. Round intermediate calculations to 2 decimal places, e.g 52.75 and final answers to O decimal places, e.g. 1,525.) 1. 2. 3. 1. 2. 3. A $15,000, 6%, 3-month note dated April 20. A $25,000, 8%, 72-day note dated June 10. An $8,000, 9%, 30-day note dated September 20. Maturity date > tA 69 Maturity value
- Calculate interest accrued for the following notes receivable as of December 31st using the following information: Maker Note 1 Note 2 $272.61 $276.40 $700 $791.67 Date of Note 11/15 12/15 Principal $20,000 $10,000 Interest Rate 10% 5% Term 120 days 90 daysDetermine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Face Amount Interest Rate Term of Note Date of Note January 10* $40,000 5% 90 days a. b. March 19 18,000 8. 180 days June 5 90,000 7. 30 days C. d. September 8 36,000 3. 90 days November 20 27,000 4. 60 days e. Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest a. Apr. 10 V b. Sept. 15 C. July 5 d. Dec.7- e. Jan 19Compute the maturity date and interest for the following notes.( use 360 days for calculation) Dates of notes Terms Principal Interest Rate a. April 17 45 days 48,000 3% b. August 11 2 months 72,000. 7% Maturity date. Interest a. ? $? b. ? $?
- Presented below are data on three promissory notes.Determine the missing amounts. (Round answers for Total Interest to 0 decimal places, e.g. 825. Round annual interest rate to 0 decimal places, e.g. 15%.) Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest (a) April 1 60 days $605,200 11 % $enter total interest in dollars for promissory note A rounded to 0 decimal places (b) July 2 30 days 94,530 enter an annual interest rate for promissory note B rounded to 0 decimal places % $630 (c) March 7 6 months 112,550 11 % $enter total interest in dollars for promissory note C rounded to 0 decimal placesCompute the interest accrued on each of the following notes receivable held by Northland, Inc. on December 31: (Use 360 as the denominator when calculating the interest amount. Round to a whole number.) Interest Accrued Maker Date of Note Principal Rate (%) Term Interest Maple 11/21 $18,000 10 120 days $ Wyman 12/13 $14,000 9. 90 days $ Nahn 12/19 $21,000 8. 60 days $Determine the due date and amount of interest due at maturity on the following notes: Origination Face Term Interest Maturity Interest Date Amount of Note Rate Date Amount (a) Mar. 15 $8,000 60 days 8% (b) May 1 $12,000 90 days 9%