The interest on a $7,000, 6%, 60-day note receivable is a) $210 b) $70 c) $420 d) $35.

Calculate the amount of interest to be charged on a $12,000, 8.5%, 90-day interest-bearing note.

General Accounting

Assuming a 360-day year, the interest charged by the bank, at the rate of 6%, on a 90-day, discounted note payable of $97,990 is

The maturity value of a $491000, 76-day, 7.5% note receivable is (two decimals):

The interest on a $3,000, 10%, 180-day note receivable is (assume 360 days per year) O $150 O $3.300 O $300 $3000 Onmi ERCO DUTO

The interest charged on a $98000 note payable, at the rate of 6%, on a 4-month note would be $5880. $2940. $980. O $1960.

do 12 (Computing the Proceeds from Discounted Notes) Below are several customer notes. 1. An $8,000, 12%, 60-day, non-interest-bearing note discounted after 15 days at 12% 2. A $9,000, 12%, 60-day, note discounted after 30 days at 14%. 3. A $6,000, 10%, 90-day, note discounted after 30 days at 12%. 4. A $10,000, 12%, 120-day, note discounted after 45 days at 15%. Required Determine the Proceeds from each of the preceding discounted customer notes.

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A company issued a 60 day 11% note for $17,000. What is the principal amount of the note? Round your answer to the nearest dollar. A) $16,688 B) $17,000 C) $18,870 D) $17,312