Calculate the due date and amount of interest


Response to the following problem:

Determine the due date and the amount of interest due at maturity on the following notes:

Date of Note                       Face Amount                         Term of Note                     Interest Rate

a. March 6                               $15,000                                  60 days                                 9%

b. May 20                                 8,000                                     60 days                                 10

c. June 2                                   5,000                                     90 days                                 12

d. August 30                             18,000                                   120 days                                10

e. October 1                              10,500                                    60 days                                 12

 

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Accounting Basics: Calculate the due date and amount of interest
Reference No:- TGS02131422

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