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Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to 0 decimal place annual Interest rate to 0 decimal places, e.g. 15%.) Date of Note Terms Maturity Date 60 Days (a) April 1 Principal Annual Interest Rate $605,200 11%

Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to 0 decimal place annual Interest rate to 0 decimal places, e.g. 15%.) Date of Note Terms Maturity Date 60 Days (a) April 1 Principal Annual Interest Rate $605,200 11%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PLEASE ANSWER ALL EMPTY PARTS IN TABLE 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 60 Days $605,200 11% 30 Days $94,530 6 Months September 7 $112,550 11% (a) April 1 (b) July 2 (c) March 7 $630
Transcribed Image Text:PLEASE ANSWER ALL EMPTY PARTS IN TABLE 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 60 Days $605,200 11% 30 Days $94,530 6 Months September 7 $112,550 11% (a) April 1 (b) July 2 (c) March 7 $630
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