Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.) Date of Note Principal Interest Rate (%) Term Maturity Rate Interest ($) August 5 $6,000 8 120 days December 3 $160 May 10 $16,800 7 30 days June 9 $98 October 20 $25,000 9 45 days December 4 $281.25 July 6 $4,500 11 60 days September 4 $82.50 September 15 $9,000 9 75 days November 29 $168.75
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Home » Business » Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.