FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Brief Exercise 9-08 Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Interest Note Principal Rate (%) Terms Interest Maturity Date 60 days $4 a. June 10 $90,000 6% 90 days $4 b. July 14 $72,000 7% $18,000 75 days $4 С. April 27 8%
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Transcribed Image Text:Brief Exercise 9-08 Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Interest Note Principal Rate (%) Terms Interest Maturity Date 60 days $4 a. June 10 $90,000 6% 90 days $4 b. July 14 $72,000 7% $18,000 75 days $4 С. April 27 8%
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