Compute the Maturity Date and Interest for the Following Notes

question 64

Essay

Compute the maturity date and interest for the following notes. $\begin{array}{lrr}&\text { Dates of Notes } &\text { Terms } &\text { Principal} &\text { Interest Rate }\\ \hline \text {(a) } &\text { April } 17& 45 \text { days } &\$ 60,000 & 5 \%\\\\ \text { (b) } &\text { Auqust } 11 & 2 \text { months } &90.000 &8 \%\end{array}$

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Definitions:

Sugar

A sweet-tasting, soluble carbohydrate that is used to sweeten food and beverages, derived from sources like sugarcane and sugar beets.

Market Shift

A significant change in the supply, demand or overall conditions of a market, which can result from various factors like technological advances or shifts in consumer preferences.

Substitute Good

A product or service that consumers can use in place of another to satisfy the same need or desire.

Price Decrease

A reduction in the cost of goods or services over a specific period.