Determine the Due Date and Amount of Interest Due at Maturity

question 138

Essay

Determine the due date and amount of interest due at maturity on the following notes:? $\begin{array}{llccccc}&\begin{array}{c}\text { Origination } \\\text { Date }\end{array} & \begin{array}{c}\text { Face } \\\text { Amount }\end{array} & \begin{array}{c}\text { Term } \\\text { of Note }\end{array} & \begin{array}{c}\text { Interest } \\\text { Rate }\end{array} & \begin{array}{c}\text { Maturity } \\\text { Date }\end{array} & \begin{array}{c}\text { Interest } \\\text { Amount }\end{array} \\(a)&\text { Mar. 15 } & \$ 8,000 & 60 \text { days } & 9 \% & \_\_\_\_\_\_\_ & \_\_\_\_\_\_\_ \\(b)&\text { May 1 } & 12,000 & 90 \text { days } & 8 \% & \_\_\_\_\_\_\_ &\_\_\_\_\_\_\_ \\\end{array}$

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Definitions:

Dichotomous

Relating to or involving a division or contrast between two completely opposed or different things.

Dependent Variables

Variables in research that are expected to change as a result of an experiment's independent variable manipulation.

Test Markets

Regional markets or demographic groups used for launching new products to evaluate consumer response before a national rollout.

Competitors

Businesses or individuals that compete within the same market for resources and customers.